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2017 BSA Compliance Series

A series of 6 webinars for BSA compliance personnel!

Note: If you are interested in live webinars or other registration options, please call 406.442.2585.

Some of the most challenging issues facing the financial profession today are Bank Secrecy Act (BSA/AML) compliance, due diligence, monitoring, and reporting. Enforcement actions have increased and regulators expect financial institutions to have a strong "culture of compliance." A recent National Money Laundering Risk Assessment estimates that illegal activity approaches $300 billion annually in the United States. Emerging money laundering risks include various types of fraud in federal government programs and increased identity theft and other cyber crimes. Detection of drug trafficking and terrorist activities continue to be priorities for law enforcement and regulators. This comprehensive series will provide the most current requirements, trends, guidance, and practical application for successful BSA results. Participants, from the newer BSA officer to the most experienced BSA professional, will benefit from the range of topics addressed. The series will also provide necessary job-specific training for deposit operations, frontline, and lending staff.

By signing up for the entire series, you will receive 6 webinars for the price of 5. Those seeking the most comprehensive knowledge may register for all sessions or individual webinars may be selected as needed.

BSA Compliance Series Topics

Session Dates & Descriptions

12:00 pm – 1:30 pm Pacific
1:00 pm – 2:30 pm Mountain
2:00 pm – 3:30 pm Central
3:00 pm – 4:30 pm Eastern

Click on presenters’ names below for more information.

February 8, 2017
FinCEN's CDD Rules & BSA Compliance: Why Preparing Now for the Fifth Pillar is Critical

Susan Costonis, Compliance Consulting and Training for Financial Institutions

This webinar will address two issues regarding the fifth pillar of the new customer due diligence rules. First will be an overview of changes that mandate additional procedures to "understand the nature and purpose" of the legal entity relationship to develop a "reasonable" risk profile. The second will be how to conduct ongoing monitoring to identify and report suspicious transactions and, on a risk basis, maintain and update accountholder information. FinCEN provided ample lead time to navigate these substantial changes to policies, procedures, forms, and effective monitoring processes. Regulators will expect financial institutions to have an implementation plan well in advance of the May 11, 2018, effective date to meet these challenges.

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April 25, 2017
BSA Compliance Hotspots: Regulators, Litigation, Policies & Procedures

Ann Brode-Harner, Brode Consulting Services, Inc.

Bank Secrecy Act (BSA/AML) issues are some of the most challenging facing the financial industry. The expectations for mitigating AML risk keep changing, because money launderers continually alter their techniques. Where are the highest risks for money laundering and how should they be monitored? What do examiners expect and what issues have they cited recently? Do you know about recent litigation and legal risk? Join us to learn the answers to these questions and more, plus receive a checklist to ensure you have current, comprehensive BSA policy and procedures.

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June 8, 2017
New BSA Officer Training

Bill Elliott, Young & Associates, Inc.

This webinar is designed for the new BSA officer. First, there will be a general overview of BSA requirements. Participants will quickly learn which areas require further research and which are well in hand. Second, day-to-day, operational, and other critical issues a new BSA officer needs to know will be addressed. Being a BSA officer requires technical knowledge, an ability to navigate and negotiate among entities within the organization, and the capability to deal with the auditors and regulators who are looking over your shoulder.

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August 15, 2017
Job-Specific BSA for Deposit Operations: SAR Monitoring, 314(a) Requests & CIP

Susan Costonis, Compliance Consulting and Training for Financial Institutions

Deposit operations staff must have effective, ongoing training to support several critical BSA requirements. This webinar will focus on three areas that are a focal point of transaction testing sections of the BSA exam process. Real-life examples of suspicious activities detected by deposit operations staff will be included, along with practical tips for processing and protecting the confidentiality of time-sensitive 314(a) requests. In addition, examiners have been closely monitoring CIP compliance and many financial institutions have been surprised by the findings. This session will include examples of CIP deficiencies in recent BSA enforcement actions and provide additional monitoring tools for deposit operations staff.

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October 24, 2017
Job-Specific BSA Training for the Frontline: CTRs, SARs, CIP & More

Susan Costonis, Compliance Consulting and Training for Financial Institutions

Job-specific BSA training has been emphasized in the BSA Examination Manual for several years. Frontline BSA responsibility is a huge part of a successful examination process. Simply doing the same training program each year will not be adequate. Money laundering activities continue to evolve and frontline training must keep pace with emerging risks. This session will cover the basic expectations for completing CTRs; scenarios for reporting suspicious activity and recent trends in SARs; and the framework for an effective customer identification program for opening new accounts. Join us for a fast-paced review of the basics and also learn about emerging money laundering red flags in 2017.

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December 5, 2017
Job-Specific BSA Compliance for Lenders

Susan Costonis, Compliance Consulting and Training for Financial Institutions

BSA examiners are digging deeper and have begun to ask more questions about the lending function during exams. Could a BSA examiner find loan fraud that had not been detected by your institution's due diligence process? Is there a system for identifying false statements and attempts at identity theft on loan applications? Will lenders know that these activities may require filing a suspicious activity report? Does your "system" work? This program will address five important reasons that BSA training must be provided for lenders.

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Note: If you are interested in live webinars or other registration options, please call 406.442.2585.