2024 Banking and Financial Services CLE Webinar

Peter Hardy, co-leader of Ballard Spahr's Anti-Money Laundering team and member of the Banking and Financial Services industry team, will speak at the Association of Corporate Counsel's 2024 Banking and Financial Services CLE Webinar. He will join Chris Pawloski of the Bank of China's Sanctions Intelligence and Investigations Team for this presentation on "Financial Institutions, FinTechs, and Third-Party Relationships."

The event description:

Regulators are scrutinizing third-party relationships maintained by financial institutions, particularly with FinTechs, and the associated operational, consumer protection, and compliance risks—including anti-money laundering risks. In the last few years alone, regulators have announced several consent orders involving banks and their third-party risk management practices. The values of speed, cost savings, and consumer convenience can compete with effective risk management. The panel will discuss common themes in recent enforcement actions, third-party risk management, and the outsourcing of compliance obligations.

Speakers:

• Peter Hardy, Partner, Ballard Spahr
• Chris Pawloski, Sanctions Intelligence and Investigations Team, Bank of China