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Archive for: bsa

BSA/AML, Compliance bsa, BSA/AML, Compliance

BSA/AML Workshop

The WBA BSA/AML Workshop will take place on October 26 at Glacier Canyon Lodge in the Wisconsin Dells. You have the option to attend in person at Glacier Canyon Lodge in the Wisconsin Dells or attend virtually.

The Workshop will begin at 8:30 a.m. and conclude at 4:00 p.m.

This seminar highlights the ever-increasing federal expectations for AML/CFT/BSA. Customer Due Diligence remains THE focus in BSA compliance, with the major emphasis on Suspicious Activity Reporting. The voluminous changes coming out of AMLA 2020 and the Corporate Transparency Act will be detailed. The latest guidelines on mail-theft-related check fraud, BEC fraud, elder financial exploitation, human smuggling and human trafficking, and kleptocracy are covered. Ongoing monitoring, and due diligence expectations for Hemp-Related / Marijuana-Related Enterprises (HRE/MRE), Money Services Businesses (MSB), and other “high-risk” clients are highlighted. Institutional risk assessments, and the latest guidance on high-risk products and services, convertible virtual currencies (CVCs), cyber events and cyber-related crime, and other fraud schemes are reviewed.

Suspicious activity reporting trends and the most recent guidance from Treasury on proper Suspicious Activity Report completion are discussed. The impacts to financial institutions from the current federal BSA examination procedures are identified. The regulations affecting financial institutions from the Office of Foreign Asset Control (OFAC) are highlighted and the Sanctions Compliance Program (SCP) framework is discussed. Suspicious transactions, terrorist financing, and other money laundering techniques are also reviewed.

Currency Transaction Reporting (CTR), Exemptions from CTR reporting, Customer Identification (CIP) requirements, foreign correspondent banking and private banking account management, SAR reporting requirements for insurance affiliates, record retention requirements, and the evolution of BSA are documented in detail. This seminar assists financial institutions in meeting the annual training requirements imposed by the BSA regulations and provides attendees the opportunity to network with other professionals interested in BSA compliance.

 

Topics:

  • Anti-Money Laundering Act (AMLA) 2020 and Corporate Transparency Act Implementations
  • Beneficial Ownership Modifications: Expected to be Released
  • Customer Due Diligence (CDD)
  • Suspicious Activity Reporting (SAR) – Latest Trends and Rulings
  • Money Services Businesses (MSB), Hemp and Marijuana Related Enterprises (HRE/MRE), Convertible Virtual Currencies (CVC), and Other “high-risk” clients
  • Risk Assessments
  • Examination Procedures: Latest Updates
  • OFAC Compliance: Sanctions Compliance Program (SCP)
  • Money Laundering Techniques and Suspicious Transactions

Who Should Attend:

This program is designed for personnel who have management-level responsibilities for BSA compliance. Individuals with retail banking, risk management, compliance, audit, operational, corporate banking, and training responsibilities will benefit from this program. No advance preparation is required.

Registration:

The registration fee of $245 includes program registration, instruction and materials, refreshment breaks and lunch for those on-sight. A recording will also be available once this session has officially ended.

Refund Policy:

A refund, less a $25 administrative fee, is provided for cancellations requested on or before October 20.

June 1, 2023/by Miranda Gustafson
https://www.wisbank.com/wp-content/uploads/2021/09/Wisconsin-Bankers-Association-logo.svg 0 0 Miranda Gustafson https://www.wisbank.com/wp-content/uploads/2021/09/Wisconsin-Bankers-Association-logo.svg Miranda Gustafson2023-06-01 08:07:132023-06-02 08:30:14BSA/AML Workshop
BSA/AML, Compliance, Internal Audit, Senior Management, Supervisior, Webinar Audit, bsa, Compliance

FFIEC BSA/AML Exam Manual: A 4 Part Training

This 4-part series will be held November 18, December 9 & 19, 2022, and January 10, 2023.

During this four-part study we will work directly from the FFIEC BSA Exam Manual. You will receive an electronic copy of the manual.

Learn at your desk with your peers!  Spend time with Deb Crawford this year and become the BSA/AML Exam manual expert at your financial institution.  Each section will be two hours of training. Each webinar in the series will cover specific topics relative to the subject matter.

Included Webinars

FFIEC BSA/AML Exam Manual Part 1: History, Risk Assessments, Training, and More!
FFIEC BSA/AML Exam Manual Part 2: CIP, CDD, and High-Risk Customers
FFIEC BSA/AML Exam Manual Part 3: SARs and CTRs
FFIEC BSA/AML Exam Manual Part 4: Monetary Instrument Records, Funds Transfers, and More!

Series Details

FFIEC BSA/AML Exam Manual Part 1: History, Risk Assessments, Training, and More!
November 18, 2022, 10:00 am CST
During this webinar, we will focus on the first section of the exam manual.

What You’ll Learn

  • Risk Assessments
  • Compliance Program
  • Internal controls
  • BSA Officer
  • Training

FFIEC BSA/AML Exam Manual Part 2: CIP, CDD, and High-Risk Customers
December 9, 2022, 10:00 am CST
During this part of the study, we will cover line by line these sections of the FFIEC BSA/AML Exam Manual.

What You’ll Learn

  • Assessing Compliance
  • Customer Identification Program
  • Information
  • Document Verification
  • Nondocument Verification
  • Resolving Discrepancies
  • Recordkeeping
  • Reliance on Third parties and Other Financial Institutions
  • Customer Due Diligence
  • Risk rating customers
  • Beneficial Ownership
  • Enhanced Due Diligence
  • MSBs
  • MRBs
  • PEPs
  • NRAs
  • Cash Businesses
  • Third Party Payment Processors

FFIEC BSA/AML Exam Manual Part 3: SARs and CTRs
December 19, 2022, 1:30 pm CST
During our study on the reports, we will cover everything in the exam manual related to CTRs and SARs.

What You’ll Learn

  • Suspicious Activity Reporting
  • Alerts
  • Monitoring
  • Model Validation
  • Working with law enforcement
  • Making the decision to file
  • CTRs
  • CTR exemptions
  • Aggregations for CTR purposes

FFIEC BSA/AML Exam Manual Part 4: Monetary Instrument Records, Funds Transfers, and More!
January 10, 2023, 1:30 pm CST
We will cover the recordkeeping requirements and how we work with law enforcement.

What You’ll Learn

  • Monetary Instruments Recordkeeping Requirements
  • Funds Transfer Recordkeeping
  • 314 a Process and examination
  • 314 b Sharing information with another financial institution
  • Line-by-line look at the exam manual and what will be examined
  • Studying this section to keep you in compliance with these four big sections
  • Special Measure
  • OFAC Examination Procedures

Who Should Attend
BSA Officers, Staff, Compliance, Audit and Management.

Presenter Bio

Deborah Crawford is the president of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $1049

  • Available Upgrades:
    • 12 Months OnDemand Playback + $340
    • 12 Months OnDemand Playback + CD + $460
    • Additional Live Access + $275 per person
October 14, 2022/by Katie Reiser
https://www.wisbank.com/wp-content/uploads/2021/09/Wisconsin-Bankers-Association-logo.svg 0 0 Katie Reiser https://www.wisbank.com/wp-content/uploads/2021/09/Wisconsin-Bankers-Association-logo.svg Katie Reiser2022-10-14 08:31:122022-10-14 08:31:12FFIEC BSA/AML Exam Manual: A 4 Part Training

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