BSA 101: Annual BSA Update For All Staff And Employees Of Financial Institutions

with
Timothy Dunfey
On-Demand
$129.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Financial compliance attorney Timothy Dunfey will provide a comprehensive overview of BSA and highlight the latest requirements. You will learn the specific steps your institution must take to comply.

What You'll Learn

  • What is money laundering?
  • What must financial institutions do to stop it?
  • How can you comply with BSA, AMLA, USA Patriot Act, and OFAC?
  • What are the five pillars of AML?
  • What risks do financial institutions face related to financial crime?
  • How can you mitigate risks?

Training Overview

All financial institution staff members must understand the current requirements of the Bank Secrecy Act, USA Patriot Act, and The Anti-Money Laundering Act of 2020. New legislation has driven changes that require banks and credit unions to revise policies and practices while providing updated training to all employees.

  • What is money laundering?
  • What must financial institutions do to stop it?
  • How can you comply with BSA, AMLA, USA Patriot Act, and OFAC?
  • What are the five pillars of AML?
  • What risks do financial institutions face related to financial crime?
  • How can you mitigate risks?

Who Should Attend?

  • Compliance officers
  • Compliance staff
  • Business unit and department managers
  • Anyone responsible for training in BSA

  • Financial institution employees

Expert Presenter

Timothy Dunfey

  • Financial crimes compliance attorney and consultant with over 20 years of experience in financial services management, sales, operations, and compliance
  • Currently overseeing legal and compliance matters for a credit card company
  • Previously Compliance Officer at Citibank, overseeing EDD for the highest risk customers, and Deputy BSA Officer at Great Florida Bank
  • As a consultant with Promontory Financial Group, represented boards regarding regulatory deficiencies, managed numerous FCC improvement projects, and conducted audits and risk assessments across a wide variety of financial institutions
  • J.D. degree

For Teams

Have a team that needs training? Our enterprise customers receive custom branding, reporting and analytics tools, and of course, preferred pricing.