BSA Compliance for Commercial Accounts: Beneficial Ownership & Beyond
On-Demand Webinar
StreamedMay 4, 2022Duration90 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
Commercial accounts require special and ongoing attention – especially in the BSA realm.
Does your program
satisfy all the CDD and beneficial ownership requirements for business
accounts? Do you know what’s on the
horizon? Don’t get caught short during
your next BSA exam.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Discuss this overview of BSA laws and penalties
- Manage due diligence requirements
- Identify and track beneficial ownership
- Understand FinCEN’s proposed beneficial ownership reporting rule
- Employ available BSA resources
WEBINAR DETAILS
Commercial services offer many unique
opportunities. From increased community
involvement to increased fee income, there’s potential to make a positive
impact on the community and bottom line.
But with massive penalties being imposed for BSA violations, now is not
the time to conduct business as usual.
Gone are the days when proper account access was your only concern. Heightened customer due diligence
requirements, combined with increased regulatory focus on business accounts
used in criminal activity, have dramatically changed BSA obligations.
Bank Secrecy Act compliance continues to be a high
regulatory examination target and one that should receive extensive time and
attention. The Financial Crimes
Enforcement Network (FinCEN) has even proposed a new rule to further focus on
commercial accounts and limit their use in hiding nefarious activity. Do you understand the potential impact to
your institution? This webinar will review
the entire business account process from account opening and monitoring to
beneficial ownership, and will highlight the potential landmines.
WHO SHOULD ATTEND?
This informative session
is designed for BSA officers, senior executives, directors, compliance personnel,
audit staff, security officers, and anyone involved with the BSA program.
TAKE-AWAY TOOLKIT
- Beneficial ownership checklist
- 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
Reed & Jolly, PLLC
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC