BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 13.3//EN BEGIN:VTIMEZONE TZID:Central Standard Time BEGIN:STANDARD DTSTART:20231102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Central Standard Time TZOFFSETFROM:-0500 TZOFFSETTO:-0600 END:STANDARD BEGIN:DAYLIGHT DTSTART:20230301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Central Daylight Time TZOFFSETFROM:-0600 TZOFFSETTO:-0500 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:REGISTER FOR ON-DEMANDS\, please send a message to \;regist ration@theleague.coop \;with the name of the\nOn-Demand that you wish to purchase. \;\nDirectors are people\, too &ndash\; and they need BSA training. Their oversight\nresponsibilities are weighty\, including appro ving and funding the\norganization&rsquo\;s BSA program. It&rsquo\;s imper ative that they understand how BSA\napplies to them\, the institution\, ac countholders\, and the products offered.\nLearning Objectives\n\n Know your institution&rsquo\;s BSA and OFAC responsibilities and the importance of actively\n supporting efforts to fulfill them\n \n Understand the mandatory reporting requirements for CTRs\, SARs\, and OFAC\n scre ening in order to provide appropriate resources and support\n \n Def ine money laundering\, identity theft\, synthetic identity fraud\, and mor e\n \n Explain why BSA and OFAC compliance is critical to protect th e US and worldwide\n financial systems from money laundering\, terroris t financing\, and proliferation of\n organized criminal activity\n \ n Distinguish between lower-risk and higher-risk products\, services\, and\n accountholders and understand the need for appropriate risk-based controls\n\nDirectors have overall responsibility for your institution&rs quo\;s BSA program\, including\napproving the program itself\, funding its budget\, appointing a BSA officer\, and instilling a\nculture of complian ce. Senior management is then responsible for taking those directives\nand ensuring they are practiced throughout the institution.\n\nIt is imperati ve that directors and senior management understand the potential threats\n posed by money launderers and terrorist financers &ndash\; and the institu tion&rsquo\;s&rsquo\; role in \;\npreventing bad actors from accessing the US and worldwide financial system. Without a\nthorough understanding of how financial institutions can be used to funnel illicit proceeds\,\nhi de funds\, and promote illegal activity\, they cannot make informed decisi ons about the\nfunding and resources necessary to meet BSA compliance requ irements. Those types of\nfailures often result in substantial penalties t o institutions and individuals. This vital\ntraining will provide an overv iew of recent cases and enforcement actions\, BSA program\nrequirements\, examiner expectations\, and recent advisories and guidance regarding the\n ever-changing fraud and money laundering schemes. DTEND:20211021T203000Z DTSTAMP:20240328T161519Z DTSTART:20211021T190000Z LOCATION: SEQUENCE:0 SUMMARY:Job-Specific BSA Training for Senior Management & Directors UID:RFCALITEM638472213197906570 X-ALT-DESC;FMTTYPE=text/html:
Directors are people\, too &ndash\; and they need BSA training. Their oversight\nresponsibilities ar e weighty\, including approving and funding the\norganization&rsquo\;s BSA program. It&rsquo\;s imperative that they understand how BSA\napplies to them\, the institution\, accountholders\, and the products offered.
\n< p>Learning Objectives\nDirectors have overall responsibility fo r your institution&rsquo\;s BSA program\, including\napproving the program itself\, funding its budget\, appointing a BSA officer\, and instilling a \nculture of compliance. Senior management is then responsible for taking those directives\nand ensuring they are practiced throughout the instituti on.\n
\nIt is imperative that directors and senior management unders tand the potential threats\nposed by money launderers and terrorist financ ers &ndash\; and the institution&rsquo\;s&rsquo\; role in \;\npreventi ng bad actors from accessing the US and worldwide financial system. Withou t a\nthorough understanding of how financial institutions can be used to f unnel illicit proceeds\,\nhide funds\, and promote illegal activity\, they cannot make informed decisions about the\nfunding and resources necessary to meet BSA compliance requirements. Those types of\nfailures often resul t in substantial penalties to institutions and individuals. This vital\ntr aining will provide an overview of recent cases and enforcement actions\, BSA program\nrequirements\, examiner expectations\, and recent advisories and guidance regarding the\never-changing fraud and money laundering schem es.
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