WBA BSA/AML Workshop
The WBA BSA/AML Workshop will take place on May 12 at Glacier Canyon Lodge in the Wisconsin Dells.
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 BSA. Customer/Member 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 the National Strategy on Countering Corruption, COVID-Fraud, Environmental Crime, Ransomware, Online Child Sexual Exploitation (OCSE), and Antiquities and Art are covered. Ongoing monitoring, and due diligence expectations for Hemp-Related / Marijuana-Related Enterprises (HRE/MRE), Money Services Businesses (MSB), Third-Party Payment Processors (TPPP), 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, human trafficking and human smuggling, elder and vulnerable adult exploitation, and other fraud schemes are reviewed.
· Anti-Money Laundering Act (AMLA) 2020 and Corporate Transparency Act Implementations
· Beneficial Ownership Modifications
· Customer/Member Due Diligence
· Suspicious Activity Reporting (SAR) – Latest Trends and Rulings
· Money Services Businesses (MSB), Third-Party Payment Processors (TPPP), Hemp and Marijuana Related Enterprises (HRE/MRE), Convertible Virtual Currencies (CVC), and Other “High-Risk” Clients
· Pandemic-related Fraud Schemes
· 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.
The registration fee of $245 includes program registration, instruction and materials, refreshment breaks and, lunch.
A refund, less a $25 administrative fee, is provided for cancellations requested on or before May 9th.