Narcos & Networks: How Washington’s War on Cartels Will Impact the Financial Services Industry

Please join us for our webinar, Narcos & Networks: How Washington’s War on Cartels Will Impact the Financial Services Industry, as we examine the evolving enforcement landscape amidst escalating U.S. efforts against drug cartels. With major cartels designated as Foreign Terrorist Organizations (FTOs), financial institutions now face enhanced regulatory scrutiny and potential civil liability under the Anti-Terrorism Act (ATA). Learn about the cartels' reliance on Chinese money-laundering networks, shell companies, crypto-asset platforms, and trade-based finance schemes. We will analyze recent legislative and regulatory initiatives, the roles of FinCEN, DOJ, and Treasury, and the litigation risks for financial entities. Gain a clear understanding of the operational, reputational, legal, and litigation risks, along with practical steps to fortify BSA/AML programs and mitigate ATA exposure.

Other Speakers:

Miles Hutchinson, Director of the Financial Intelligence Unit and BSA/OFAC Officer, Vantage Bank Texas
Shannon Moskal, Principal, Financial Crime Consulting