Strategies for Navigating Ongoing Challenges
The landscape of Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations is ever evolving. As we enter 2025, it becomes imperative for professionals in the financial sector to equip themselves with effective strategies for navigating the ongoing challenges.
In this webcast, Karen Schnell, CISSP, CAMS, CGSS, CFE, CFCS, LSSBB, PMP, PMI-ACP of FTI Consulting and Jennifer J. Schulp of the Cato Institute will provide an in-depth discussion of BSA and AML changes and challenges. Speakers will analyze the key provisions and changes brought about by reform, offering practical strategies for compliance, as well as look at ongoing discussions on Capitol Hill about potential reforms. They will also examine case studies, providing real-world examples to illustrate effective approaches. Furthermore, the discussion will extend to the latest technological advancements aiding BSA/AML compliance, ensuring participants gain a holistic understanding of the evolving landscape.
Live and Recorded CLE & CPE Webcasts in the Legal, Tax, Finance, Risk, Compliance and Human Resources Industries
Founded in November 2006, The Knowledge Group has established itself as a premier eLearning hub for Continuing Legal Education (CLE), Continuing Professional Education (CPE), and technology-focused webcasts. We equip lawyers, accountants, and industry professionals with expert-driven insights, timely regulatory updates, and practical strategies to help them stay ahead in an ever-evolving landscape.
Senior Director - Financial Services at FTI Consulting
Karen Schnell is a senior director in FTI Consulting’s Forensic & Litigation Consulting segment and is based in Washington, DC. She has more than 30 years of experience advising clients on compliance, operations, governance, and risk management. She is skilled in deep-dive reviews for transaction lookbacks associated with potential financial crimes, evaluating KYC processes and files for completeness and correctness, analyzing and improving structural gaps such as governance or control weaknesses, and evaluating information system vulnerabilities. Ms. Schnell has evaluated compliance programs for financial institutions ranging in size from large, multinational banks to small, domestic credit unions and she has developed programs to strengthen their controls and processes. She has assessed all aspects of the five pillars of anti-money laundering compliance programs and has developed policies, procedures, and training programs to enhance clients’ AML and sanctions programs. She is skilled at evaluating governance structures, conducting risk assessments, and assessing staffing and training needs.
Director of Financial Regulation Studies at Cato Institute
Jennifer J. Schulp is the director of financial regulation studies at the Cato Institute’s Center for Monetary and Financial Alternatives, where she focuses on the regulation of securities and capital markets. She has testified before Congress multiple times, including before the Senate Committee on Banking, Housing, and Urban Affairs, the House Committee on Financial Services, and the Committee on House Administration. She is the coauthor of the book Financing Opportunity, and her writing has appeared in Barron’s, Business Insider, CoinDesk, Law360, MarketWatch, National Review, NBC News, New York Daily News, and others.
