Avoiding Liability Under the Bank Secrecy Act

Compliance Security & Fraud Senior Management

On-Demand Webinar

StreamedMay 30, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Don't fool yourself into thinking that civil money penalties are the only remedy available for BSA enforcement.

Recent enforcement actions have shown that regulators are more than willing to use the criminal justice system and its penalties against individuals to prosecute significant violations. A regular review of enforcement actions by FinCEN should be all it takes to remind you of the increasing perils of an ineffective BSA program. Is your program examiner-ready?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Appreciate current trends in BSA examination strategies
Understand the array of BSA enforcement tools
Effectively utilize regulatory and examination guidance
Evaluate recent enforcement actions
Deploy five lessons learned that can keep you out of jail

WEBINAR DETAILS

Now is not the time to be complacent about Bank Secrecy Act training! Not long ago a major national bank was assessed a $390,000,000 civil money penalty for BSA violations because of their failure to implement and maintain an effective anti-money laundering program. Are you sure your program and personnel are up to the task? The BSA continues to be a high regulatory examination target and one that should receive your full time and attention.

Join veteran compliance attorney and former BSA compliance officer David Reed as he guides you through the tools regulators and law enforcement can use to mandate BSA compliance. This program will address recent trends in enforcement actions and focus on methods to ensure your staff and institution remain fully compliant and out of the headlines.

WHO SHOULD ATTEND?

This informative session is designed for BSA officers, senior executives, directors, audit committee members, compliance staff, audit staff, security officers, and anyone involved with the BSA program.

TAKE-AWAY TOOLKIT

BSA compliance checklist
BSA resource guide
Key regulatory guidance
Examination guidance
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

David A. Reed