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.
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
Scheduled for 60 minutes including question and answer period.Monday, July 19, 2021; 12:30 PM Eastern
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?
Scheduled for 60 minutes including question and answer period.Thursday, August 5, 2021; 12:00 PM Eastern
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?
Scheduled for 60 minutes including question and answer period.
Financial crimes compliance attorney Timothy Dunfey will highlight the financial crimes you should look out for in 2021 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?
What controls should you put in place?
How are criminals exploiting COVID-19?
What fraud trends are should you expect after the pandemic?
What red flags can you find on balance sheets?
How should you investigate and respond to fraud?
How should you handle an employee who refuses to take the vaccine for religious or medical reasons after you make it mandatory?
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?
5 Sessions scheduled for 60 minutes including question and answer period.November 1-5, 2021; 12:30 PM Eastern or January 3-7, 2021; 2:00 PM Eastern
Financial compliance attorney Timothy Dunfey will reveal the BSA/AML compliance landscape. You will receive concrete and detailed guidance and learn about the regulators’ current expectations.
What You Will Learn
Introduction to and Overview of the Bank Secrecy Act (BSA)
