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Wisconsin Credit Union Foundation

Job-Specific BSA Training for Operations

This session will include examples of CIP deficiencies in recent BSA enforcement actions and provide additional monitoring tools.

Jun 05, 2019 02:00 PM   -­­  Jun 05, 2019 03:30 PM
CT
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Type of Event
Webinar

Who Should Attend
  • Webinars
  • Lenders
  • Compliance

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Description

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 tools.

Learning Objectives

  • 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 case studies
  • 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

Speaker

Susan Costonis, CRCM, Compliance Consulting & Training for FIs

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included.