LexisNexis Practical Guidance recently released a video titled Anti-Money Laundering and Countering Terrorist Financing, featuring BFKN Financial Institutions Group partner and Regulatory Section Leader John M. Geiringer. In the video, John explains how money laundering involves disguising the origins of illicit gains through placement, layering, and integration into the financial system. He also highlights the key U.S. government agencies responsible for combating money laundering and terrorist financing, and emphasizes the importance of financial institutions implementing risk-based procedures, customer due diligence, and compliance programs to address those issues.
To read the full transcript from LexisNexis Practical Guidance, click below:
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About the Lawyer
John M. Geiringer is a nationally recognized banking attorney who advises financial institutions on regulatory, governance, and investigative matters. John regularly provides focused training sessions to boards and management on a wide range of legal and risk management topics.