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BSA Compliance Requirements During the COVID-19 Challenge

Apr 24 2:00 PM - Apr 24, 2020 3:30 PM
Apr 24, 2020 2:00 PM - 3:30 PM

Has COVID-19 impacted your BSA procedures? Are your accountholders more prone to fraudulent attacks?  What is the “new” normal during and after this pandemic? Join us to learn how to stay in compliance with existing and developing BSA requirements amid the COVID-19 crisis.

Learning Objectives

  • Navigate CDD requirements
  • Develop a contingency plan for your AML monitoring program
  • Update policies, procedures, and risk assessments to comply with recent regulatory guidance
  • Document exceptions to BSA policy and procedures to avoid examination scrutiny 
  • Identify red flags for common COVID-19-related scams and recognize when a SAR may be warranted

In a few short weeks COVID-19 has dramatically changed our daily lives. Your accountholders have been forced to change how they conduct even the most basic banking transactions. Many branch lobbies are closed to everyday traffic, employees are working remotely, and in some cases, accountholder activities are shifting toward a “new” normal. Amid of all this, your institution is still required to adhere to BSA requirements and ensure the five pillars supporting your BSA program hold strong despite the chaos.

Join this jam-packed session to learn how the COVID-19 pandemic and related regulatory orders and guidance have affected BSA compliance. It will address policy and risk assessment considerations, proper CIP exception documentation, what to do if reports can’t be filed on time, and how to protect accountholders from potential scams and report suspected fraud.  You’ll learn the latest regulatory guidance, plus tips and best practices to navigate today’s unique challenges.



Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has 19 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Operations
  • Member Service
  • Coronavirus
  • Compliance