This Bank Secrecy Act webinar will begin with regulators’ BSA program expectations – as that is a primary concern for the board, management, and especially the BSA officer (new or seasoned). It will also cover the more technical BSA data collection and reporting requirements. Do you know what the daily BSA function truly entails? Participants will learn which BSA program areas may need improvement and which are well in hand. Being a BSA officer requires detailed technical knowledge, and this webinar will focus on what you need to know to ensure your institution complies with all requirements.
This webinar is the first of two in a series designed to provide training for the new BSA officer and a good refresher for more seasoned BSA personnel. Because each webinar will cover different aspects of BSA, you are encouraged to attend both for a complete overview of BSA requirements.
- Regulatory requirements and the exam manual
- BSA risk assessment
- BSA program requirements
- General requirements for a currency transaction report and the CTR form
- CTR exemptions and other CTR issues
- Sections 314(a) and 314(b)
- BSA requirements for purchases of cashier’s checks
- BSA requirements for wires
- The manual will provide additional background information far beyond what will be covered during the webinar and will provide new BSA officers with a roadmap to navigate the requirements
- Employee training log
- Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for BSA officers who are relatively new to the position and the regulation. Others will find the information a good refresher – including management, and others with BSA responsibilities.
DON’T MISS PART 2!
New BSA Officer Training Part 2:
Reviews, SARs, CDD, Technical Aspects & Real-Life Scenarios
on Thursday, October 17, 2019
PLEASE NOTE: The live webinar option allows you to have one internet connection (from a single computer terminal). You may have as many people as you like listen and watch from your office computer.
ABOUT THE PRESENTER – Bill Elliott, Young & Associates, Inc.
Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.
Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout