Operations staff must have effective, ongoing training to meet several
critical BSA requirements. This webinar will examine three focal points of
transaction testing sections of the BSA exam process. Real-life examples of
suspicious activities detected by deposit operations staff will be included,
along with practical tips for processing and protecting the confidentiality of
time-sensitive 314(a) requests. This session will include examples of CIP
deficiencies in recent BSA enforcement actions and provide additional monitoring
- Compliance with CDD, EDD, and beneficial
ownership rules – will you pass the next BSA exam?
- What does the
frontline need to know/collect when opening an account?
- Best risk
assessment practices for CDD and EDD
- Tips for an effective CIP, including
- Recent enforcement actions focused on failure to identify,
monitor, and report suspicious activity – learn how to avoid five issues that
may cause violations
- Seven steps to include in 314(a) procedures
Susan Costonis, CRCM, Compliance Consulting & Training for FIs
Live and recorded webinar, handouts, quiz with answer key and training log are included.