Dr. Kenneth Isaacson, 12-year Anti-Money Laundering/BSA/FSA and Managing Director of Complilaw, to Speak at GKC's’ The Patriot Act & Anti-Money Laundering Teleconference
New York, NY, May 20, 2006 --(PR.com)-- The Global Knowledge Congress, the leading producer of regulatory focused teleconferences, has announced today that Dr. Kenneth Isaacson, 12-year Anti-Money Laundering/BSA/FSA Expert, Managing Director of Complilaw, will speak at the upcoming teleconference on The Patriot Act and Anti-Money Laundering scheduled for Tuesday, June 20, 2006 at 11:00 AM (EDT).
The Patriot Act was formed in response to the terrorist attacks against the U.S. on September 11, 2001. This legislation dramatically expanded the authority of U.S. law enforcement for the stated purpose of fighting terrorist acts in the United States and abroad, and implemented long anticipated changes to the Bank Secrecy Act. The impact of these changes has been far-reaching and has increased the depth, breadth, and scope of AML/CFT compliance for all financial businesses including banks, bank holding companies, mutual funds, asset managers, hedge funds, insurance companies, and money service businesses. The USA PATRIOT ACT Title III made 52 amendments to the Bank Secrecy Act alone, and reshaped whole sections of the Code of Federal Regulations. The new regulations are forcing unprecedented increases in software, operational, and independent auditing expenses. Compliance is challenging and the costs for not effecting a balanced and transparent AML/CFT system is high. Some major financial institutions have paid record fines (in excess of $50 million) for AML non-compliance. It is clear that the long-standing financial definitions have changed and expanded to include these new elements. The Global Knowledge Congress has scheduled a teleconference for Tuesday, June 20 at 11:00 a.m. (EST) to analyze this critical legislation.
About Dr. Kenneth Isaacson
Dr. Kenneth Isaacson is a legal, financial, and business consultant, a BSA/AML legal and regulatory expert, and a BSA/AML Consultant on the USA PATRIOT ACT Title III and the Bank Secrecy Act of 1970. He has twelve years of practical and theoretical knowledge on anti-money laundering. Specifically, to the current BSA/AML landscape, he is an expert on BSA/AML Look-Back Projects with project management, project lead, and analyst capabilities, and specializes on developing risk management strategies for banks, asset managers, and financial businesses in outsourcing/offshoring BSA/AML functions. Prior to becoming a consultant he was the President and Chief Legal Officer of an investment due diligence company that specialized in anti-money laundering due diligence checks as one facet of the company’s core metrics. His expertise extends to the Code of Federal Regulations, OFAC policies, procedures, and practices, and the OCC. He is adept at SEC laws and regulations, NASD, NYSE, and corresponding jurisdictional laws and regulations on the regulation of financial institutions. He has performed compliance checks and developed compliance KPI systems for financial institutions. He is a recognized speaker on compliance, having authored papers on the subject, and has one training manual on compliance in the process of being published.
About Complilaw
We are the independent compliance solutions project management and subject matter experts to the Banking, Insurance, Asset Management, and Registered Investment Advisor communities worldwide. We engage in BSA/AML Look Back project management and investigations, BSA/AML project leadership, BSA/AML independent committee representation, enforcement action recovery solutions, BSA/AML policy analysis and development, BSA/AML risk assessments, and BSA/AML trainings.
For more information, about Ken Isaacson and his firm, please visit: http://www.complilaw.com
About The Global Knowledge Congress
The Global Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact, please visit: http://www.knowledgecongress.org
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The Patriot Act was formed in response to the terrorist attacks against the U.S. on September 11, 2001. This legislation dramatically expanded the authority of U.S. law enforcement for the stated purpose of fighting terrorist acts in the United States and abroad, and implemented long anticipated changes to the Bank Secrecy Act. The impact of these changes has been far-reaching and has increased the depth, breadth, and scope of AML/CFT compliance for all financial businesses including banks, bank holding companies, mutual funds, asset managers, hedge funds, insurance companies, and money service businesses. The USA PATRIOT ACT Title III made 52 amendments to the Bank Secrecy Act alone, and reshaped whole sections of the Code of Federal Regulations. The new regulations are forcing unprecedented increases in software, operational, and independent auditing expenses. Compliance is challenging and the costs for not effecting a balanced and transparent AML/CFT system is high. Some major financial institutions have paid record fines (in excess of $50 million) for AML non-compliance. It is clear that the long-standing financial definitions have changed and expanded to include these new elements. The Global Knowledge Congress has scheduled a teleconference for Tuesday, June 20 at 11:00 a.m. (EST) to analyze this critical legislation.
About Dr. Kenneth Isaacson
Dr. Kenneth Isaacson is a legal, financial, and business consultant, a BSA/AML legal and regulatory expert, and a BSA/AML Consultant on the USA PATRIOT ACT Title III and the Bank Secrecy Act of 1970. He has twelve years of practical and theoretical knowledge on anti-money laundering. Specifically, to the current BSA/AML landscape, he is an expert on BSA/AML Look-Back Projects with project management, project lead, and analyst capabilities, and specializes on developing risk management strategies for banks, asset managers, and financial businesses in outsourcing/offshoring BSA/AML functions. Prior to becoming a consultant he was the President and Chief Legal Officer of an investment due diligence company that specialized in anti-money laundering due diligence checks as one facet of the company’s core metrics. His expertise extends to the Code of Federal Regulations, OFAC policies, procedures, and practices, and the OCC. He is adept at SEC laws and regulations, NASD, NYSE, and corresponding jurisdictional laws and regulations on the regulation of financial institutions. He has performed compliance checks and developed compliance KPI systems for financial institutions. He is a recognized speaker on compliance, having authored papers on the subject, and has one training manual on compliance in the process of being published.
About Complilaw
We are the independent compliance solutions project management and subject matter experts to the Banking, Insurance, Asset Management, and Registered Investment Advisor communities worldwide. We engage in BSA/AML Look Back project management and investigations, BSA/AML project leadership, BSA/AML independent committee representation, enforcement action recovery solutions, BSA/AML policy analysis and development, BSA/AML risk assessments, and BSA/AML trainings.
For more information, about Ken Isaacson and his firm, please visit: http://www.complilaw.com
About The Global Knowledge Congress
The Global Knowledge Congress is an organization that produces teleconferences that examine regulatory changes across a variety of industries. “We bring together the world's leading authorities and industry participants through informative two-hour teleconferences to study the impact of changing regulations.” To contact, please visit: http://www.knowledgecongress.org
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Contact
The Global Knowledge Congress
Thomas LaPointe, Jr., Executive Director
646-202-9344
www.knowledgecongress.org
Therese Lumbao
Director, Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
646-202-9344
www.knowledgecongress.org
Therese Lumbao
Director, Member Services
tlumbao@knowledgecongress.org
Contact
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