Monday, August 25, 2014

August 27: Webcast - Elder Financial Abuse and Financial Institutions – Growing Risks and Reporting Requirements

This webinar will provide an overview of the US regulatory framework around elder financial abuse, and offer guidance on how to review and augment existing compliance procedures. Attendees will learn:
  • Key state and federal reporting standards related to elder financial abuse, and how they interact with privacy laws and suspicious activity reporting
  • The Consumer Financial Protection Bureau’s increased focus on elder abuse issues, and what it means for financial institutions
  • Critical action items that institutions should consider when reviewing and improving their compliance programs.
Elder financial abuse is rapidly emerging as an area of focus for a range of US state and federal agencies. As law enforcement and regulators seek to crack down on fraud schemes, theft and other exploitative practices targeting elders, they are increasingly scrutinizing the role financial institutions can play in preventing abuse.
Despite the increased risks of regulatory liability and reputational harm, many financial institutions still lack adequate compliance programs to detect and report elder financial abuse.
Title:
Elder Financial Abuse and Financial Institutions – Growing Risks and Reporting Requirements
When/Where:
Wednesday, August 27, 2014
1 – 2 PM ET
Webcast - Register Now
Speakers:
    Kevin L. Petrasic is a partner in the Global Banking and Payments Systems practice of Paul Hastings and is based in the firm’s Washington, D.C., office. He advises banks and financial services firms on a wide array of regulatory, legislative, transactional, and compliance issues under federal and state banking laws, as well as federal securities and commodities laws. Mr. Petrasic also regularly advises national and international financial firms, including national retail securities brokerage and insurance firms, on a wide array of issues under the federal banking laws and issues within the jurisdiction of the Consumer Financial Protection Bureau. Mr. Petrasic has broad government experience, including serving as Special Counsel, Managing Director of External Affairs, Director of Congressional Affairs, Legislative Counsel, and Assistant Chief Counsel at the U.S. Treasury Department’s Office of Thrift Supervision, as well as Counsel to the former House Banking Committee
    Amanda Kowalski is an associate in the Corporate practice of Paul Hastings and is based in the firm’s Washington, D.C. office. She is a member of the Global Banking and Payment Systems practice and advises banks, thrifts, and financial holding companies on a broad range of regulatory, transactional, and compliance issues arising under federal and state law. Her primary practice areas include Dodd-Frank Act compliance and corporate governance and authority, as well as consumer financial protection. Ms. Kowalski has worked with payment systems clients on issues including prepaid access, account structuring, and OFAC regulation and provides counsel on banking litigation matters, including FDIC bank seizures and SEC and federal grand jury investigations.
Credit:
The sponsor does not appear to have applied for CLE credit.However, from the outline and speaker qualifications, it appears that his event may qualify for credit in some states. Consult your crdit-granting authority.
By:
Association of Certified Financial Crime Specialists
More Information And Registration