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:A BSA compliance program is only as effective as the person mon itoring it. So\, new BSA officers need to hit the ground running. A look a t FinCEN&rsquo\;s ongoing enforcement actions and guidance serves as a goo d reminder of the increasing perils of an ineffective BSA program. With th is webinar\, new BSA officers can shift from being overwhelmed to being kn owledgeable and focused on their new responsibilities.\nLearning Objective s\n\n Discuss BSA laws and penalties\n Break down the five pillars o f an effective BSA program\n Avoid common landmines\n Uncover availa ble BSA resources\n Appreciate how law enforcement uses BSA data\n\nThe mission of the Financial Crimes Enforcement Network (FinCEN) is to &ldquo \;safeguard the financial system from illicit use\, combat money launderin g and its related crimes including terrorism\, and promote national securi ty through the strategic use of financial authorities and the collection\, analysis\, and dissemination of financial intelligence.&rdquo\; The Bank Secrecy Act (BSA) is an integral part of that mission and applies to finan cial institutions nationwide. \nThe regulation requires every financial in stitution to have a written\, board-approved BSA program designed to ensur e compliance. With the ever-changing financial services landscape\, the se curity function must be vigilant and capable. From reporting transactions to recordkeeping and staff training to third-party software\, there is muc h to master. The key is understanding the duties and marshalling the neces sary assets. \nParticipants will gain insight from an attorney and &ldquo\ ;recovering&rdquo\; BSA officer as he guides you through the law\, program requirements\, essential elements of the BSA officer&rsquo\;s responsibil ities\, available resources\, and highlights of the most common compliance landmines. Whether you are an experienced executive or a novice BSA offic er\, you are sure to benefit from this great overview of the evolving BSA responsibilities every financial institution faces daily. DTEND:20210126T213000Z DTSTAMP:20240329T132541Z DTSTART:20210126T200000Z LOCATION: SEQUENCE:0 SUMMARY:Beginning BSA Officer: What You Need to Know on Day 1 UID:RFCALITEM638472975415833411 X-ALT-DESC;FMTTYPE=text/html:
A BSA compliance program is only as effecti ve as the person monitoring it. So\, new BSA officers need to hit the grou nd running. A look at FinCEN&rsquo\;s ongoing enforcement actions and guid ance serves as a good reminder of the increasing perils of an ineffective BSA program. With this webinar\, new BSA officers can shift from being ove rwhelmed to being knowledgeable and focused on their new responsibilities.
\nLearning Objectives
\nThe mission of the Financial Crimes Enforcement Network (FinCEN ) is to &ldquo\;safeguard the financial system from illicit use\, combat m oney laundering and its related crimes including terrorism\, and promote n ational security through the strategic use of financial authorities and th e collection\, analysis\, and dissemination of financial intelligence.&rdq uo\; The Bank Secrecy Act (BSA) is an integral part of that mission and ap plies to financial institutions nationwide.
\nThe regulation requir es every financial institution to have a written\, board-approved BSA prog ram designed to ensure compliance. With the ever-changing financial servic es landscape\, the security function must be vigilant and capable. From re porting transactions to recordkeeping and staff training to third-party so ftware\, there is much to master. The key is understanding the duties and marshalling the necessary assets.
\nParticipants will gain insight from an attorney and &ldquo\;recovering&rdquo\; BSA officer as he guides y ou through the law\, program requirements\, essential elements of the BSA officer&rsquo\;s responsibilities\, available resources\, and highlights o f the most common compliance landmines. Whether you are an experienced exe cutive or a novice BSA officer\, you are sure to benefit from this great o verview of the evolving BSA responsibilities every financial institution f aces daily.
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