Deciding whether to file a SAR is not always a simple decision. This webinar will provide real-life scenarios faced by BSA officers and will address the sometimes-complex SAR decision-making process. Join us to learn the requirements for the annual BSA audit, plus the requirements for CDD and EDD – which have become increasingly important in recent years. Participants will learn what the BSA officer’s job truly entails in these areas. Being a BSA officer requires a combination of technical knowledge and the ability to apply that knowledge, an ability to navigate and negotiate among entities within the organization, and the capability to deal with the auditors and regulators who are looking over your shoulder.
This webinar is the second 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.
- General requirements for a suspicious activity report and the SAR itself
- The real requirements of a BSA review (not “what is the minimum we can do?”)
- Customer due diligence and enhanced due diligence
- Additional record requirements
- 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.
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.