Job-Specific BSA Training for the Frontline
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.
