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Wisconsin Credit Union Foundation

Job-Specific BSA Training for Lenders

This program will address five important reasons BSA training must be provided for lenders and offer practical information on the beneficial ownership rules that became effective May 11, 2018.

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Type of Event
On Demand Webinar

Who Should Attend
  • Lending
  • Live Webinars
  • On-Demand Webinars
  • Compliance

Purchase

Description

BSA examiners are digging deeper and asking more questions about the lending function. Could a BSA examiner find loan fraud that was missed by your institution’s due diligence process? Does your institution have a system for identifying false statements and identity theft attempts on loan applications? Do your lenders know these activities may require fi ling a suspicious activity report? Is your process for documenting beneficial ownership effective? This program will address five important reasons BSA training must be provided for lenders and offer practical information on the beneficial ownership rules that became effective May 11, 2018.

Learning Objectives

  • Five reasons to conduct BSA training for lenders
  • BSA red flags and risk factors in lending
  • Due diligence questions you should ask loan applicants for BSA compliance
  • Steps for BSA due diligence throughout the life of the loan
  • Complying with the four core elements of the customer due diligence (CDD) rules:
    • Customer identification and verification
    • Beneficial ownership identification and verification of a legal entity
    • Understanding the nature and purpose of customer relationships to develop a customer risk profile
  • Ongoing monitoring for suspicious transactions and maintaining and updating customer information on a risk basis

Speaker

Susan Costonis, Compliance Consulting and Training for FIs 

Investment

$259.00