Keeping Up With Anti-Money Laundering Rules
The benefits of fintech have brought new risks like money-laundering and other illegal activities. Traditional financial institutions have long been required to comply with anti-money laundering (AML) statutes, and online lenders are no different. Failure to comply may result in civil enforcement actions, investigation, and prosecution by federal and state law enforcement agencies. This Compliance U panel will review the guidelines you should follow to take a risk-based approach that reflects the level of threat you may face.
Panelist: Andrew Bigart, Partner, Venable