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Job-Specific BSA Training for Frontline

Sep 07 2:00 PM - Sep 07, 2022 3:30 PM
Sep 07, 2022 2:00 PM - 3:30 PM
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Frontline BSA compliance is essential to a successful examination. Training is critical, but… training must evolve with the times. Is your training comprehensive enough and does it contain emerging money laundering red flags? Join this webinar to get expert insight into BSA training for the frontline!

Learning Objectives

  • Identify potential money laundering scenarios and understand the reporting requirements for suspicious activity
  • Discuss the new FinCEN advisory on elder financial exploitation issued June 15, 2022
  • Understand the five pillars of an effective AML (anti-money laundering) program
  • Explain due diligence and account opening requirements for legal entity customers under the beneficial ownership rules
  • Distinguish between normal and suspicious activity based on the risk profile

Job-specific BSA training has been emphasized in the BSA Examination Manual for several years. The frontline’s BSA responsibilities are a huge part of a successful examination. However, simply doing the same training program each year is not adequate. Money laundering activities continue to evolve and frontline training must keep pace with emerging risks. This session will cover the basic expectations for completing CTRs; scenarios for reporting suspicious activity and recent trends in SARs; and the framework for an effective customer identification program for opening new accounts. Join us for a fast-paced review of the basics and also learn about emerging money laundering red flags in 2022.

Agenda

Speakers

Susan Costonis, Compliance Training and Consulting 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.

Location

Fees

$259.00 

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Member Service
  • Lending & Collections
  • Compliance