BSA Special Risks:
Policy, Law Enforcement & Regulator Issues

 Webinar OR Recorded Webinar + Free Digital Download

Wednesday, November 20, 2019

12:00 pm – 1:30 pm Pacific

1:00 pm – 2:30 pm Mountain

2:00 pm – 3:30 pm Central

3:00 pm – 4:30 pm Eastern

Will your BSA/AML program pass the next exam? BSA/AML programs must be constantly updated because of the evolving threats of money laundering, financial crimes, and regulatory changes. What should you know about issues ranging from beneficial ownership to marijuana-related businesses? This webinar will review what’s old, what’s new, and what’s to come. It will highlight hot issues and provide key take-aways that will strengthen your BSA/AML program.

HIGHLIGHTS

• Hot issues
  • Marijuana banking – FinCEN guidance and policy development
  • Cybersecurity threats and fraud risks – FinCEN guidance and detection
  • Elder financial exploitation – tips for detection and SAR requirements
  • August 2019 FinCEN advisory on trafficking Fentanyl and Synthetic Opioids (FIN-2019-A006)
• Enforcement actions – failure to implement risk-driven compliance, untimely SAR filings, inaccurate CTRs, and more
• CDD and beneficial owners – are you prepared for the next exam?
• Monitoring for high-risk activities – identification and risk mitigation steps
• SARs and detecting red flags – new fields and best practices for effective monitoring
• Inadequate testing and monitoring systems – regulators’ expectations for automated and manual approaches
• Challenges of banking money services businesses
• Privately-owned ATMs – definitions, Independent Sales Organization relationships, and best practices
• Cryptocurrency – FinCEN guidance and special issues

• TAKE-AWAY TOOLKIT
  • SAR checklist to identify, monitor, and report suspicious activity
  • Sample BSA responsibility matrix, including SAR monitoring and CIP
  • Sample CDD policy for new beneficial ownership requirements and the fifth pillar of BSA
  • SAR investigation report template
  • Format for quarterly BSA/AML/OFAC reporting to the board
  • Employee training log
  • Interactive quiz

WHO SHOULD ATTEND?

This informative session is designed for new account representatives, call service representatives, branch managers, assistant branch managers, branch administration, deposit operations, BSA CIP staff, and anyone who works with or manages new accounts.

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 – Susan Costonis, Compliance Consulting and Training for FIs

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

THREE REGISTRATION OPTIONS

Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

1. LIVE WEBINAR

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.  Registrants receive a website address and passcode that allows entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, passcode, and handouts will be emailed prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar?  This option provides a recording of the live event, including audio, visuals, and handouts.  We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar.  You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

The recorded webinar may ONLY be ordered for 6 months following the live webinar.  In addition, the download must be completed within 6 months of the live webinar date. 

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE