BSA Overview for Non-Transactional & Support Staff

Audit & Accounting Collections Compliance Human Resources Information Technology Marketing Security & Fraud

On-Demand Webinar

StreamedJul 20, 2023Duration60 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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Something support employees have in common with directors, officers, accountants, attorneys, and appraisers is that all are subject to BSA compliance – and often involved with SARs.

This webinar will cover everything you need to know to comply with BSA and OFAC – and to identify red flags that could lead to SARs.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the importance of BSA and OFAC compliance to your institution and the global financial system
Identify red flags you encounter at work
Recognize your institution’s overall compliance responsibility
Explain how your role contributes to a robust BSA and anti-money laundering/terrorist financing program
Distinguish between reporting suspicious activity to the BSA team and the actual filing of a suspicious activity report (SAR)

WEBINAR DETAILS

Bank Secrecy Act (BSA) compliance is not just for employees who handle accounts and transactions. In fact, SAR reports involving non-transactional employees, directors, officers, and owners/shareholders at financial institutions accounted for almost 16,000 SARs in 2022 and almost 23,000 in 2021. If you add other insiders such as accountants, attorneys, appraisers, and agents it adds another 1,200 and 1,700 SARs respectively. Your role puts you in a unique position to see things that other employees and management might not be able to see and to recognize things that seem odd or suspicious – whether it be insiders or accountholders. This webinar will provide a basic understanding of the requirements of the Bank Secrecy Act and Office of Foreign Assets Control (OFAC) as it applies to support and administrative staff.

WHO SHOULD ATTEND?

This informative session would best suit receptionists, administrative assistants, mail, facilities - any employee who does not handle accounts or transactions.

TAKE-AWAY TOOLKIT

List of red flags for suspicious activities
Brief summary of components of the BSA and OFAC
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

Mary-Lou Heighes