New York, NY, May 27, 2016 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Ian Comisky, Partner, Blank Rome LLP will speak at the Knowledge Group’s webcast entitled: “Extended Anti-Money Laundering Requirements for Private Equity: The Collaboration Between the SEC and FinCEN LIVE Webcast.” This event is scheduled for June 2, 2016 @ 3:00 pm - 5:00 pm EST.
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About Ian Comisky
Mr. Comisky is a Partner with the law firm of Blank Rome LLP. He concentrates his practice in the areas of money laundering and FATCA compliance, civil and criminal tax litigation, and complex corporate and commercial litigation often involving multinational litigation. Mr. Comisky is the co-author of Tax Fraud and Evasion, a two volume treatise published by Warren, Gorham & Lamont writing the chapters on money laundering and asset forfeiture. Mr. Comisky is an adjunct professor at the University of Pennsylvania Law School teaching a class in money laundering and is co-chair of the firms White Collar, Internal and Government Investigations Practice Group. Mr. Comisky was the recipient in 2015 of The Jules Ritholz Memorial Merit Award. This award is given in recognition of outstanding dedication, achievement, and integrity in the field of civil and criminal tax controversies.
About Blank Rome LLP
With nearly 550 attorneys serving clients around the globe, Blank Rome is an international law firm representing businesses and organizations ranging from Fortune 500 companies to start-up entities. Founded in 1946, Blank Rome advises clients on all aspects of their businesses, including commercial and corporate litigation; consumer finance; corporate, M&A, and securities; environmental, energy, and natural resources; finance, restructuring, and bankruptcy; intellectual property and technology; labor and employment; maritime, international trade and government contracts; matrimonial; products liability, mass torts, and insurance; real estate; tax, benefits, and private client; and white collar defense and investigations. Blank Rome also represents pro bono clients in a wide variety of cases and matters. For additional information, visit www.blankrome.com
Since January 2015, the U.S. Securities and Exchange Commission (SEC) have been eyeing private equity firms for potential Foreign Corrupt Practices Act (FCPA) violations as they intensify private equity industry scrutiny and FCPA enforcement. In August of the same year, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a notice of proposed rulemaking that would require SEC-registered investment advisers, including private equity and hedge funds, to comply with certain anti-money laundering (AML) regulations. The prescribed AML program requirements would include: filing of suspicious activity reports (SARs); filing of currency transaction reports (CTRs); and vigilance against insider trading, tax evasion and fraudulent schemes. The proposed rule is expected to take its flight in mid-2016, and thus would require advisers to have a crucial advance planning.
Several recent key modifications in anti-money laundering and counter-terrorism financing framework are likely to guide future developments. In 2015, the inter-governmental body Financial Action Task Force (FATF) has released its report on the effectuality of Australia's anti-money laundering and counter-terrorism financing regime. The revisions in the AML now requires all private equity subject to AML obligations and expands how should the Australian government monitor financial transactions and detect money laundering.
In this two-hour live webcast, a panel of key thought leaders and professionals assembled by The Knowledge Group will provide the audience with an overview of the significant issues as well as recent regulatory updates regarding the Extended Anti-Money Laundering Requirements for Private Equity. The panel will also provide a roadmap on how to best comply with the FinCEN’s proposed AML regulations.
Key topics include:
- Anti-Money Laundering and Counter-Terrorism: An Overview
- New AML Program Requirements
- Regulatory Changes in AML Regulations
- Key Considerations for Investment Advisers
- US & Australia’s AML and Counter-Terrorism Financing Regime
- Impacts and Implications to Registered Investment Advisers
- Scope and Limitation of the Proposed Regulation
- Proposed AML Requirements for Covered Investment Advisers
- Identifying and Reporting Suspicious Transactions
- Risks and Legal Challenges
- Opportunities and Threats for Investment Advisers
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/