This is a 90-minute webinar.
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
A BSA compliance program is only as effective as the person monitoring it. So, new BSA officers need to hit the ground running. A look at FinCEN’s on-going enforcement actions and guidance serves as a good reminder of the increasing perils of an ineffective BSA program. With this webinar, new BSA officers can shift from being overwhelmed to being knowledgeable and focused on their new responsibilities.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Discuss BSA laws and penalties
- Break down the five pillars of an effective BSA program
- Avoid common landmines
- Uncover available BSA resources
- Appreciate how law enforcement uses BSA data
The mission of the Financial Crimes Enforcement Network (FinCEN) is to “safeguard the financial system from illicit use, combat money laundering and its related crimes including terrorism, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.” The Bank Secrecy Act (BSA) is an integral part of that mission and applies to financial institutions nationwide.
The regulation requires every financial institution to have a written, board-approved BSA program designed to ensure compliance. With the ever-changing financial services landscape, the security function must be vigilant and capable. From reporting transactions to recordkeeping and staff training to third-party software, there is much to master. The key is understanding the duties and marshalling the necessary assets.
Participants will gain insight from an attorney and “recovering” BSA officer as he guides you through the law, program requirements, essential elements of the BSA officer’s responsibilities, available resources, and highlights of the most common compliance landmines. Whether you are an experienced executive or a novice BSA officer, you are sure to benefit from this great overview of the evolving BSA responsibilities every financial institution faces daily.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, senior executives, directors, compliance staff, audit staff, security officers, and anyone involved with the BSA program.
- Inventory of primary BSA resources
- Key regulatory guidance
- Examination guidance
- Employee training log
- Interactive quiz
DON'T MISS THIS RELATED WEBINAR!
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Tuesday, March 2, 2021
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.