(Webcast) FinCEN Leak: Next Steps for the Financial Industry

Monday, March 22, 2021 | 1:00 pm – 4:00 pm

Program Chair:

Dianna Hernandez
Attorney & Compliance Professional Consultant

  • In September, there was a massive leak of financial information. A batch of FinCEN files were leaked to the general public and revealed several banks and financial institutions did not cease doing business with clients known to participate in criminal activity. This breach exposed that over 200,000 suspicious transactions, valued at $2 trillion over a span of approximately 20 years, had taken place and financial institutions had failed to stop money laundering and potentially turned a blind eye to the corrupt dealings of their clients. This CLE Program will further review what the FinCEN leak means to the industry. Key benefits that attendees will gain are how the FinCEN leak affects their firm/clients’ business, what strategies should be implemented in response, and how to help prevent this from occurring in their firm.

    Program Fee:
    $149 for Members | $249 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • Robert Kim
    Senior Legal Analyst, Bloomberg Law
    Bloomberg Industry Group

    Terri Quintana
    Intelligence Research Specialist
    Homeland Security Investigations

    David Sewell
    Debevoise & Plimpton LLP

    Niketh Velamoor
    Senior Vice President
    Neuberger Berman

  • 1:00pm-1:10pm
    Introduction of Speakers
    Dianna Hernandez

    History of the Bank Secrecy Act
    Robert Kim

    Explanation of the FinCEN File Leak
    David Sewell

    Regulator’s Perspective – Recently Issued and Existing Guidance for Useful Reporting & the Impact of the
    FinCEN Leak
    Robert Kim


    Law Enforcement Perspective – How the FinCEN Leak Will Improve the Interactions between Financial Institutions and Law Enforcement Entities
    Terri Quintana

    Challenges Faced by Compliance Officers and Compliance Programs in Response to the FinCEN Leak and De-Risking Highly Risky Clients
    Niketh Velamoor


    The Way Forward – How Regulators, Law Enforcement, and Compliance Professionals Will Evolve in the Future/ Q& A

  • New York: 3.0 Professional Practice
    New Jersey: 3.0 General
    California: 3.0 General
    Pennsylvania: 2.5 General
    Connecticut: Available to Licensed Attorneys

  • Sponsoring Association Committees:
    Compliance, Patrick T. Campbell, Chair
    Banking Law, Gregory J. Lyons, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org