Financial institutions are required to adhere to the Bank Secrecy Act and its many obligations to detect, prevent, and report money laundering concerns. These sessions focus on BSA/AML details and offer tactical guidance to ensure compliance.
5 Sessions scheduled for 60 minutes including question and answer period.Monday, May 16 - Friday, May 20, 2022; 12:30 PM Eastern
Anti-money laundering expert Doug Keipper will distill advanced BSA/AML concepts into actionable insights. You will learn to spot questionable activity, adhere to current regulations, and reduce risk.
Topics Covered
FFIEC BSA/AML Examination Manual: What Compliance Officers Really Need To Know
AML Model Validation: A Critical Need In The New Regulatory Environment
BSA/AML Contextual Awareness Of High-Risk Customers
Managing the Alert/Case Clearing Investigation Process
Writing an Effective SAR Narrative
Weed, Cocaine, And Heroin: What It Means To Your Bank Or Credit Union
Financial compliance expert Jim George will show you how to calculate and understand the risk of your customers. You will learn the current CDD requirements.
What You'll Learn
Why are accurate customer risk ratings necessary?
What compliance requirements must you meet?
How should you determine uses and set standards?
What initial customer acceptance evaluation should you conduct?
BSA expert Kristen Tatlock will provide step-by-step instructions for completing the required forms. You will learn how to update your institution’s practices to comply with the rules.
What You Will Learn
What are the reporting thresholds for CTRs and SARs?
How do you complete CTR filing on joint accounts, sole proprietors, and business accounts?
Who are subjects vs. victims when it comes to SARs?
How do you classify suspicious activity?
What are required data fields and how do you complete them?
Fintech expert Timothy Dunfey will share specific details of using data to track and prevent cybercrime. You will learn how to protect your institution and accountholders.
Benefits of Certification
Explore trends in cybercrime targeting financial institutions
Financial compliance attorney Timothy Dunfey will highlight the escalating risks associated with third-party relationships and explain the details of relevant regulations you must follow to contain them. You will learn how to protect your institution.
Topics Covered
What are the risks associated with third-party relationships?
What risk management process should you follow for these vendors?
What supervisory process is related to third-party risk?
Financial compliance expert Michael Schidlow will provide a comprehensive review of the essential recent AML changes. You will learn how to apply them to your institution.
What You'll Learn
What changes did recent AML legislation impose?
How have revised regulations addressed BSA/AML compliance?
What are examiners looking for?
What will happen if you fail to comply with current laws?
Financial compliance expert Michael Schidlow will expand on regulatory expectations and share audit experience. You will learn how to fine-tune your SAR narratives.
What You'll Learn
What information must SARs include?
How can you make your SARs useful to law enforcement?
What common SAR pitfalls should you avoid?
What do auditors expect to see in suspicious activity reports?
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?
Scheduled for 60 minutes including question and answer period.
Financial compliance attorney Timothy Dunfey will distill and interpret the latest AML Act updates. You will learn how to apply them to your institution.
Topics Covered
What are the changes to the Bank Secrecy Act?
How have reporting requirements and expectations changed?
How can you align institution controls and reporting with customer/member risk?
How should you identify and address national security priorities?
Financial crimes compliance attorney Timothy Dunfey will highlight the financial crimes you should look out for in 2022 and share tactics you can use to stop fraud. You will learn what regulators expect from well-run programs.
What You Will Learn
What are currently the most significant financial fraud schemes?
Financial compliance attorney Timothy Dunfey and renowned corporate trainer Bob Greene will reveal the BSA compliance landscape. You will learn the criminals’ latest tactics and the regulators’ current expectations.
What You'll Learn
What are regulators’ initial reactions to the pandemic?
What are the most significant changes in the BSA/AML Examination Manual?
What are the current BSA reporting requirements?
What does the USA Patriot Act require of financial institutions?
How are criminals exploiting COVID-19?
What are the expected fraud trends?
What are the most common red flags for balance sheet fraud?
How should you investigate fraud or other criminal activity?
How should your institution respond?
What are the most recent regulatory updates and statements?
