Financial Institutions and Banking

Bank Secrecy Act and Anti-Money Laundering

Bank Secrecy Act and Anti-Money Laundering

Over the past several years, financial regulators have undertaken an increasing number of investigations and enforcement actions dealing with the Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) regulations.  Additionally, private litigants have sought to show non-compliance with BSA and AML rules in efforts to demonstrate various types of malfeasance by financial institutions. Recent regulatory settlements have included significant fines for maintaining poor internal controls, failure to detect and report evidence of illicit activity, and willful violations of BSA.

NERA assists clients with BSA/AML-specific matters in numerous legal forums. Financial institutions rely on NERA to provide expert reports and testimony in litigation and regulatory proceedings. As part of our work in these matters, NERA experts use regulatory knowledge and experience along with appropriate statistical analyses to assess the appropriateness of firm procedures, in relation to both BSA/AML regulations and financial industry standards and practice. Our team -- which includes former regulatory agency personnel -- offers a unique set of qualifications. We combine an authoritative understanding and interpretation of BSA law and AML regulations with years of experience providing highly rigorous, clear, objective, and defensible analysis.

Name Title Location Phone Email
Dr. Patrick Conroy Senior Managing Director Miami +1 305 341 5025 patrick.conroy@nera.com
Dr. Ling Ling Ang Managing Director Washington, DC
Chicago
+1 202 466 9259
+312 573 2827
lingling.ang@nera.com
Title Type Author
Recent Trends in Securities Class Action Litigation: H1 2023 Update Report Edward Flores and Svetlana Starykh
Snapshot of Recent Trends in Asbestos Litigation: 2022 Update White Paper Mary Elizabeth Stern and Lucy Allen
Trends in Canadian Securities Class Actions: 2021 Update White Paper Bradley A. Heys, Robert Patton, Jielei Mao
NERA Experts Contribute Chapter to "The Future of the Profit Split Method" Book Dr. Harlow Higginbotham and Dr. Vladimir Starkov
Trends in Canadian Securities Class Actions: 2020 Update Report Bradley A. Heys, Robert Patton, and Jielei Mao
Transfer Pricing Roundtable in Financier Worldwide. Expert QA Dr. Vladimir Starkov and Philip de Homont
Amount B: Facts and Circumstances Matter—Even for Routine Distributors Published Article Dr. Harlow Higinbotham and Dr. Vladimir Starkov
Recent Trends in Securities Class Action Litigation: 2020 Full-Year Review Report Janeen McIntosh and Svetlana Starykh
Recent Trends in Securities Class Action Litigation: H1 2020 Update Report Janeen McIntosh and Svetlana Starykh
Snapshot of Recent Trends in Asbestos Litigation: 2020 Update Report Mary Elizabeth C. Stern and Lucy P. Allen