Tag Archive for: BSA/AML

Events

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Beneficial Ownership Secure Database: Proposed Rule

The proposed regulations aim to ensure that:

  • Only authorized recipients have access to BOI
  • Authorized recipients use that access only for purposes permitted by the CTA
  • Authorized recipients only re-disclose BOI in ways that balance protection of the security and confidentiality of the BOI with the
  • furtherance of the CTA’s objective of making BOI available to a range of users for purposes specified in the CTA
  • You still have time to comment!

What You’ll Learn

  • A review of the proposed regulation Part II
  • What you can comment on
  • Understanding the FinCEN Identifier
  • Who will have access?
  • What they will have access to?
  • What is still undecided?

Who Should Attend
BSA Officers, BSA Staff, Operations, Compliance, and New Accounts.

Instructor 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 Option

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $75 per person
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BSA/AML Conference

The WBA BSA/AML Conference will take place on May 10 & 11 at Chula Vista Resort in Wisconsin Dells.

How do you maintain your credentials for managing, auditing, or implementing the portion of your institution’s compliance function that relates to money laundering, terrorist financing, or even national security? It is a question you will have to answer during every future BSA/AML regulatory examination.  Your answer will serve as the regulators’ first impression of you and your bank’s compliance efforts.

The curriculum for this conference changes every year. Your continued attendance establishes your bank’s as well as your own commitment to staying abreast of the most dynamic and pervasive compliance responsibility your institution has.

Every bank must provide ongoing training to those responsible for BSA and AML compliance. This conference gives your institution an opportunity to listen to and interact with regulators from both the state and federal functional regulatory agencies. It also allows you a unique opportunity to get some rare “how to” instruction in BSA/AML compliance issues.

Topics Include:

  • AML Software Identifications, & Proposals, Payments, and Compliance Update
  • SAR Trends and Updates
  • Keys to Completing the SAR Narrative
  • Elder / Vulnerable Adult Exploitation
  • AMLA Update
  • Beneficial Ownership Identification Reporting (BOIR)

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 includes all conference materials, breaks and meals as well as one certificate of attendance per registration. The registration fee is $450/per attendee.

Refund Policy:

A refund, less a $25 administrative fee, is provided for cancellations requested on or before May 5th.

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BSA for Frontline Staff

The frontline confronts BSA issues multiple times a day. Therefore, it’s crucial that they understand the fundamentals, know the red flags for crimes, and keep your institution in the compliance zone. Don’t miss this opportunity to satisfy your 2023 training requirements.

After This Webinar You’ll Be Able To:
BSA overview
Money laundering techniques
Red flags for elder fraud, identity theft, human trafficking, and smuggling
Customer identification programs
Customer due diligence
Update on currency transaction reports
Detecting and reporting red flags
Update on beneficial ownership
OFAC fundamentals

Webinar Details
This comprehensive training program will fulfill the frontline’s BSA training requirements in 2023. You may have internal policies to cover, but this webinar will do the rest! It is an excellent foundational program to explain the core program for BSA and also cover certain crimes that are hot buttons for regulators. Don’t miss this chance to completely update your BSA program.

Who Should Attend?
This timely topic will benefit tellers, new accounts representatives, lending staff, branch management, trainers, human resources staff, operations personnel, safe deposit box staff, and BSA officers and staff.

Take-Away Toolkit
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter
Deborah Crawford– Gettechnical Inc

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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Beneficial Ownership Final Rule: Details & Deadlines

Do you know where FinCEN, CTA, and BOI intersect? Do you know the ins and outs of FinCEN’s beneficial ownership rules changes? This webinar will explain how the reporting provisions will further combat illicit use of the U.S. financial system. Learn the specific beneficial ownership reporting deadlines and details with this in-depth program.

Webinar Highlights

  • Who is a reporting company?
  • What are the exemptions from reporting?
  • Detailed analysis of what a substantial owner is and who is a 25% owner
  • Two types of company applicants
  • Four pieces of information that must be provided
  • How the FinCEN identifier will be issued
  • Timing and the next steps for implementation

Webinar Details
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final rule implementing the bipartisan Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting provisions. The rule enhances the ability of FinCEN and other agencies to protect U.S. national security and the U.S. financial system from illicit use. It provides essential information to national security, intelligence, and law enforcement agencies; state, local, and tribal officials; and financial institutions to help prevent drug traffickers, fraudsters, corrupt actors (such as oligarchs), and proliferators from laundering or hiding money and other assets in the United States.

The rule describes who must file a BOI report, what information must be reported, and when a report is due. Specifically, the rule requires reporting companies to file reports with FinCEN that identify two categories of individuals: (1) the beneficial owners of the entity; and (2) the company applicants of the entity. This comprehensive webinar will cover all the particulars.

Who Should Attend?
This detailed session will benefit BSA officers, BSA staff, trainers, compliance staff, and operations personnel.

Take-Away Toolkit

  • Beneficial Ownership Final Rule Manual, volume 1
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter
Deborah Crawford – Gettechnical Inc
Deborah Crawford is the president of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Crawford specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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CTR Line-by-Line: Accuracy & Insight

Garner CTR acumen and expertise with this line-by-line look at the form.

Do you understand aggregation and know when to use “unknown”? Learn more about FinCEN’s requirements and guidance. This detailed review will bring you newfound insight, increase reporting accuracy, and ensure compliance.

After This Webinar You’ll Be Able To:

  • Understand the difference between aggregate and multiple transactions
  • Know the two options for reporting transactions of a sole proprietorship
  • Explain when separate transactions should be aggregated
  • Distinguish between when “unknown” should and should not be used
  • Report multiple cash-in and cash-out transactions on a single CTR

Webinar Details
Whether you are new to CTRs or have some experience, little nuances and off-pattern scenarios can cause confusion. This webinar will guide you through the report process by explaining each section, incorporating FinCEN’s own instructions, FAQs, and guidance. Accurately completing the CTR not only provides vital information for law enforcement, but also keeps your institution out of trouble with the regulators. Join us to gain valuable insights into the CTR reporting process.

Who Should Attend?
This informative session is designed for BSA staff, anyone responsible for any aspect of CTR reporting, branch management, compliance personnel, and auditors.

Take-Away Toolkit

  • Sample CTR reporting policy
  • CTR cheat sheet
  • Internet links to helpful resources
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter
Mary-Lou Heighes – Compliance Plus, Inc.

Mary-Lou Heighes is president and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Heighes has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Heighes has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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Anti-Money Laundering Act: Update & Lessons Learned

Learn how to evaluate your institution’s compliance with the AML Act provisions already in place and plan for those coming down the pike. This session will address the impact on policies, risk assessments, monitoring procedures, and training programs, as well as provide tools and examples to successfully navigate the changes.

After This Webinar You’ll Be Able To:

  • Identify the purpose of the AML Act and its impact on your BSA program
  • Incorporate the eight AML/CFT priorities into your BSA/AML risk assessment and red flag monitoring programs
  • Explain FinCEN’s 2022 final rule to implement beneficial ownership information reporting
  • Understand FinCEN’s frameworks to facilitate information sharing among financial institutions and their service providers, regulators, law enforcement, and others
  • Detail how virtual currency is considered in regulatory definitions and red flags you should know
  • Prepare for changes being proposed to CTR and SAR reporting, including to thresholds and required fields
  • Use the information and tools provided to inform your management and board of current and future changes

Webinar Details
It’s been three years since the Anti-Money Laundering Act of 2020 (AML Act) became effective. While there have been a number of notices, advisories, reports, and rulemakings, there are many key components, which may result in additional regulation. Passage of the AML Act has already set in motion a number of issues that will impact your risk-based BSA program and potentially change recordkeeping and reporting requirements. From risk assessments to beneficial ownership to CTRs and SARs — you need to be prepared for changes big and small.

Who Should Attend?
This informative session is designed for BSA officers, compliance officers, security officers, and anyone responsible for managing your BSA/AML program.

Take-Away Toolkit

  • AML Act implementation plan
  • Sample BSA/AML risk assessment updated for the AML Act
  • Beneficial ownership final rule fact sheet
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter
Dawn Kincaid – Brode Consulting Services Inc
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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BSA and Cryptocurrency: What You Need to Know

Everyone is in on cryptocurrencies whether you know it or not. Have you done your risk assessment? Made an action plan? Know how to look for red flags? Do you know how to apply the travel rule? If not, this program is for you. This program is designed for community banks that are being affected by virtual currency at some level.

What You’ll Learn

  • Presidential Executive Order
  • Risk Assessment
  • Action Plan
  • Red Flags for Money Laundering and Terrorist Financing
  • Block Chain Analysis — catching the crooks
  • Filing SARS on crypto
  • Notifying your regulator

Who Should Attend
BSA Officers and Staff, Compliance, Deposit Operations, and Trainers.

Presenter
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 $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
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FFIEC BSA/AML Exam Manual Part 3: SARs and CTRs

This is part 3 of a 4-part series that will be held November 18, December 9 & 19, 2022, and January 10, 2023.

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

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 $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
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FFIEC BSA/AML Exam Manual Part 4: Monetary Instrument Records, Funds Transfers, and More!

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

We will cover the recordkeeping requirements and how we work with law enforcement. This area will look at what you will be examined on and the pitfalls of these four areas of the BSA exam.

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 $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
/by
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Alert! Beneficial Ownership Final Rule for Companies

On September 29, the Financial Crimes Enforcement Network (FinCEN) issued a final rule implementing the bipartisan Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting provisions. The rule will enhance the ability of FinCEN and other agencies to protect U.S. national security and the U.S. financial system from illicit use and provide essential information to national security, intelligence, and law enforcement agencies; state, local, and Tribal officials; and financial institutions to help prevent drug traffickers, fraudsters, corrupt actors such as oligarchs, and proliferators from laundering or hiding money and other assets in the United States.

The rule describes who must file a BOI report, what information must be reported, and when a report is due. Specifically, the rule requires reporting companies to file reports with FinCEN that identify two categories of individuals: (1) the beneficial owners of the entity; and (2) the company applicants of the entity.

What You’ll Learn

  • Who is a reporting company?
  • What are the exemptions from reporting?
  • Detailed analysis of what is a substantial owner
  • Detailed analysis of who is a 25% owner
  • Two types of company applicants
  • Four pieces of information that have to be provided
  • How the FinCEN identifier will be issued
  • Timing and the next steps for implementation

Who Should Attend
BSA Officers, BSA Staff, Training, Compliance, Operations.

Instructor 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 $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
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Madison, WI 53718

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