Eversheds Sutherland Legal Insights (audio)

This program will examine the intersection of RegTech tools and anti-money laundering (AML) programs for institutions, including banks, cryptocurrency exchanges, securities exchanges, broker-dealers, and investment advisers. As institutions continue to leverage RegTech tools to enhance their AML programs, we discuss the impact of these RegTech tools on customer identification programs and know-your-customer compliance, as well as suspicious activity reporting filing requirements. How should institutions utilize these RegTech tools, and what is their responsibility to supervise them? What if something goes wrong, and how should institutions ensure proper guardrails exist when implementing RegTech tools into their AML programs? We will examine these questions, along with recent AML regulatory guidance, so that institutions are well positioned to understand the risks and rewards associated with these RegTech tools.