Thursday, July 22, 2021
Job-Specific BSA Training for Operations Staff
Dawn Kincaid, Brode Consulting Services, Inc.
The Bank Secrecy Act impacts all areas of your institution. As a member of the operations
team, you are not only responsible for identifying and reporting suspicious activity in ACH,
debit card, and electronic banking, but are also responsible for supporting the lending,
deposit, and compliance staff in researching suspicious transactions. Therefore, it’s crucial
that operations staff receive tailored annual (and initial) training on BSA/AML
requirements and fully understand day-to-day expectations. This session will detail the
BSA/AML rule components, red flags for funds transfer and electronic transaction fraud,
CIP documentation, and CDD rules, including documenting beneficial ownership, OFAC
screening, CTR completion, and much more!
Thursday, August 26, 2021
Job-Specific BSA Training for the Frontline
Mary-Lou Heighes, Compliance Plus, Inc.
BSA compliance remains one of the hottest topics for examiners and auditors. Frontline
staff are considered the first tier in identifying, preventing, and mitigating potential money
laundering and terrorist financing activities. This webinar will explain the specific
requirements of their job duties related directly to BSA/AML and anti-terrorist financing
compliance. From opening accounts, due diligence, and recognizing when enhanced due
diligence may be necessary, to red flags for account opening and transactions, this
webinar will teach staff their responsibilities. It will address the reasons behind the tasks
they are asked to do and, most importantly, provide useful tools and red flag takeaways
to help them do it. FinCEN guidance on human trafficking, unemployment insurance fraud,
and other COVID-19-related red flags highlight the need to keep abreast of recent
developments, frauds, and money-laundering techniques and trends. This could be the
most important training your frontline receives all year!
Tuesday, September 14, 2021
Job-Specific BSA Training for Lenders
Susan Costonis, Compliance Consulting and Training for Financial Institutions
During exams, BSA examiners have been digging deeper and have begun to ask more
questions about the lending function. Could an examiner find loan fraud that has gone
undetected by your due diligence process? Is there a system for identifying false
statements and attempts at identity theft on loan applications? Do lenders know that
these activities may require filing a suspicious activity report? Is the process for
documenting beneficial ownership effective? This program will address five important
reasons that BSA training must be provided for lenders.
Thursday, October 21, 2021
Job-Specific BSA Training for Senior Management & Directors
Mary-Lou Heighes, Compliance Plus, Inc.
Directors have overall responsibility for your institution’s BSA program, including
approving the program itself, funding its budget, appointing a BSA officer, and instilling a
culture of compliance. Senior management is then responsible for taking those directives
and ensuring they are practiced throughout the institution.
It is imperative that directors and senior management understand the potential threats
posed by money launderers and terrorist financers – and the institution’s’ role in preventing bad actors from accessing the US and worldwide financial system. Without a
thorough understanding of how financial institutions can be used to funnel illicit proceeds,
hide funds, and promote illegal activity, they cannot make informed decisions about the
funding and resources necessary to meet BSA compliance requirements. Those types of
failures often result in substantial penalties to institutions and individuals. This vital
training will provide an overview of recent cases and enforcement actions, BSA program
requirements, examiner expectations, and recent advisories and guidances regarding the
ever-changing fraud and money laundering schemes.