Link to With Guest Speaker Nick St. John With Guest Speaker Nick St. John
We are very fortunate to have Nick St. John, Director of Federal Compliance at America’s Credit Unions, as our guest speaker in this podcast on the Notice of Proposed Rulemaking issued by the Financial Crimes Enforcement Network and federal banking regulators regarding the enhancement and modernization of anti-money laundering/countering the financing of terrorism (“AML/CFT”) compliance programs under the Bank Secrecy Act (“BSA”).
Nick joined the credit union industry in 2020 and continues to serve the industry with America’s Credit Unions as the Director of Federal Compliance, where he helps credit unions with a variety of compliance issues. He is particularly passionate about BSA compliance. Previously, St. John managed banking and finance content for Bloomberg Law. He graduated from The University of Georgia School of Law and has a bachelor’s degree from CUNY John Jay College.
Our discussion focuses on a variety of issues, including: the risk assessment process, the NPRM’s impact on the industry, “de-risking” strategies, technological innovation, feedback from law enforcement on the utility of BSA filings, hiring qualified compliance officers, and what it means for an AML/CFT program to be “effective.” We previously blogged on both NPRMs here and here.
We hope you enjoy the podcast.
If you would like to remain updated on these issues, please click here to subscribe to Money Laundering Watch. To learn more about Ballard Spahr’s Anti-Money Laundering Team, please click here.