Job-Specific BSA Training for Senior Management & Directors
On-Demand Webinar
StreamedOct 19, 2021
- Unlimited and shareable access
two business days after live streaming - Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Directors are people, too – and they need BSA training.
Their oversight responsibilities are weighty, including approving and
funding the organization’s BSA program.
It’s imperative that they understand how BSA applies to them, the
institution, accountholders, and the products offered.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Know your institution’s BSA and OFAC responsibilities and the importance of actively supporting efforts to fulfill them
- Understand the mandatory reporting requirements for CTRs, SARs, and OFAC screening in order to provide appropriate resources and support
- Define money laundering, identity theft, synthetic identity fraud, and more
- Explain why BSA and OFAC compliance is critical to protect the US and worldwide financial systems from money laundering, terrorist financing, and proliferation of organized criminal activity
- Distinguish between lower-risk and higher-risk products, services, and accountholders and understand the need for appropriate risk-based controls
WEBINAR DETAILS
Directors have overall responsibility for your
institution’s BSA program, including approving the program itself, funding its
budget, appointing a BSA officer, and instilling a culture of compliance. Senior management is then responsible for
taking those directives and ensuring they are practiced throughout the
institution.
It is imperative that directors and senior
management understand the potential threats posed by money launderers and
terrorist financers – and the institution’s role in preventing bad actors from accessing
the US and worldwide financial system. Without
a thorough understanding of how financial institutions can be used to funnel illicit
proceeds, hide funds, and promote illegal activity, they cannot make informed
decisions about the funding and resources necessary to meet BSA compliance requirements.
Those types of failures often result in
substantial penalties to institutions and individuals. This vital training will provide an overview
of recent cases and enforcement actions, BSA program requirements, examiner
expectations, and recent advisories and guidance regarding the ever-changing
fraud and money laundering schemes.
WHO SHOULD ATTEND?
This informative session
is designed for senior management and directors who want a succinct overview of
the Bank Secrecy Act and implementing regulations to effectively oversee and
provide support for the institution’s written programs.
TAKE-AWAY TOOLKIT
- Glossary of important BSA and OFAC terms
- High-level executive summary of key BSA and OFAC components
- 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 agency is prohibited. Print materials may be copied for eligible participants only.
Presented By
Compliance Plus, Inc.
This Webinar Appears In
© 2022 FINANCIAL EDUCATION & DEVELOPMENT, INC