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.
BSA expert Doug Keipper will review the CDD Rule and the new requirements issued by FinCEN. You will learn the information you must collect and the procedures to follow to determine beneficial ownership.
Topics Covered
What is beneficial ownership?
How can you determine beneficial ownership?
What does the new Customer Due Diligence Beneficial Owner Rule require?
How should you modify your policies and procedures in your institution?
Anti-money laundering expert Doug Keipper will show you how to detect elder financial abuse. You will learn the specific steps to take and how to write SAR narratives for these unique cases.
Topics Covered
Changes in mailing address or contact information
Wires to a new boyfriend/girlfriend or a niece/nephew in trouble
Financial compliance expert Timothy Dunfey will share the details of all the newest BSA/AML priorities and developments. You will learn how to adapt your practices to fulfill the current regulatory requirements.
Topics Covered
What are the 2022 national anti-money laundering priorities?
What do the 2022 FFIEC Exam manual updates entail?
How have AML/CTF regulations changed over the past year?
What impact will these changes have on your institution?
Compliance expert Doug Keipper will highlight the customer due diligence requirements examiners are focusing on today. You will learn the specific steps your institution should take to ensure compliance.
Compliance expert Timothy Dunfey will provide step-by-step guidance to help you create a BSA policy that incorporates all the current requirements. You will learn how to change your practices to reflect recent updates.
Topics Covered
What sections should your BSA policy contain?
What changes do the FFIEC Exam Manual updates dictate?
What information limitations will make it easier to manage annual updates?
What recordkeeping and reporting requirements must you include?
Which laws, rules, and regulations apply to BSA policies?
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?
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 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 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?
