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Year-End BSA Issues: FAQ Guidance, Enforcement Actions & Red Flags

Dec 15 2:00 PM - Dec 15, 2020 3:30 PM
Dec 15, 2020 2:00 PM - 3:30 PM
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BSA has been like the 2020 bouncy ball of compliance. BSA issues and challenges are everywhere, yet sometimes elusive and difficult to grasp –especially with the added pandemic disruptions. The changes have been rapid and more are coming. This is the perfect opportunity to get up to speed on BSA and effectively manage whatever is thrown at you.

Learning Objectives

  • Effectively manage your BSA/AML program in 2021 and identify key risks
  • Understand the impact of the April 2020 BSA/AML examination manual updates
  • Determine the effect of FinCEN’s guidance on the BSA program in a year of rapid change and emerging risks from the pandemic
  • Anticipate changes from FinCEN’s advanced notice of rulemaking on September 17,2020, to “modernize” BSA/AML programs
  • Manage the key challenges of:
    • Elder financial exploitation
    • CIP and CDD options for opening accounts online
    • Enhanced due diligence
    • CBD and hemp issues
    • Beneficial ownership
    • Lessons learned in recent enforcement actions

The pandemic has forced financial institutions to adapt delivery services and open accounts online through virtual banking. However, identity theft and other financial crimes increase the need for enhanced due diligence and greater risk assessment. Attend this year-end session to develop a strategy for 2021. Key BSA challenges will be examined to identify requirements and risk areas, as well as offer practical guidance and solutions. 



Susan Costonis, Compliance Consulting and Training for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998,completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.




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

Your registration includes access from up to three locations, making it easier to share and learn with remote staff during the coronavirus crisis. Training materials will be available to download the day of the event.

Additional Info

Event Type


Topics Covered

  • Executive Management
  • Live Webinars
  • Fraud, Security & Technology
  • Compliance