Satmar yeshiva system presents timely seminar on financial governance and compliance

On March 19, 2023, a seminar chaired by Mitchell A. Silk gathered yeshiva leaders to discuss regulatory compliance amidst past legal issues faced by Central United Talmudical Academy (CUTA). The event stressed the importance of adherence to financial governance and anti-money laundering strategies. Professor Aaron D. Twerski highlighted the imperative risks of non-compliance, referencing CUTA's recent $8 million penalties from federal court rulings on fraud cases involving funds designated for disadvantaged schoolchildren. The seminar aimed to educate leaders on navigating these complexities effectively.

During the seminar, longtime Brooklyn Law School Professor Aaron D. Twerski, a legal authority on tort law and compliance, warned of the risks of non-compliance, calling it "no longer optional."

Silk reported about a broad compliance effort on financial governance and anti-money laundering safeguards, highlighting critical issues from school vouchers to child nutrition.

Read at Brooklyn Eagle