Job-Specific BSA Training for the Frontline

Compliance Frontline & New Accounts Human Resources Bank Secrecy Act (BSA)Fraud

On-Demand Webinar

StreamedApr 11, 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

See Registration Options

The frontline is tasked with a multitude of compliance requirements – not the least of which is BSA.

They are in a unique, important position to detect BSA and money laundering risks. But to do so, they must fully understand their role, best practices, the consequences of noncompliance, and the red flags in numerous areas. Ensure your frontline is well versed in their responsibilities with this jam-packed, job-specific training.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand your responsibilities under each of the five BSA pillars
Identify and document key details of potentially suspicious activity
Gather information required to meet customer due diligence (CDD) requirements
Apply provided best practices to accurately complete the currency transaction report (CTR)
Discover red flags for hot-button, high-risk activities, including elder financial exploitation, cannabis-related businesses, human trafficking, check fraud, and cryptocurrency
Detail the penalties for noncompliance

WEBINAR DETAILS

The frontline is the first line of defense in mitigating BSA/AML risks for your financial institution. The requirements of the Bank Secrecy Act impact every transaction and every new account. Therefore, it’s crucial that you receive tailored initial and annual training on BSA/AML requirements and fully understand your day-to-day BSA responsibilities.

This session will detail BSA/AML rule components, including red flags for money laundering, CIP documentation, CDD rules, OFAC screening, CTR completion, maintaining information for the sale of monetary instruments, and much more! In addition, it will review red flags for the most prevalent types of fraud impacting accountholders and institutions and how to protect both from loss. Join this jam-packed session which includes a reference manual and tools to help comply with the many requirements of the Bank Secrecy Act.

WHO SHOULD ATTEND?

This informative session is designed for frontline staff, universal bankers, new accounts personnel, and branch managers.

TAKE-AWAY TOOLKIT

CTR completion checklist
Sample suspicious incident report
Red flags for EFE, MRBs, and human trafficking
Beneficial ownership calculator
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.