BSA/AML Conference
January 26 and 27
9 am to 12 pm and 1:30 - 3 pm
January 28
9 - 12 pm
Via Zoom Platform
Conference presenting sponsor:

Additional support provided by our year-round Compliance Guidance Sponsors, Premier Insights and Thomson Reuters
Course Objective: This program is brought to you by the MBA Compliance Committee and designed to enhance a banker’s skills on Bank Secrecy Act (BSA) and Anti-Money Laundering (AML). This will expand your staff’s understanding and expertise in some of the most critical skills they will ever possess – skills that can protect your profits in these very challenging times of tight margins and sustained high expectations!
Day One:
FFIEC BSA/Exam Manual Updates
- Preparing for Risk-Focused Examinations
- Lessons Learned: Review of Recent BSA/AML Violations, Enforcement Actions and Penalties
Five Pillars of Your BSA/AML Compliance Program
- Building and Maintaining a Strong Foundation
- BSA Risk Assessment Roadmap: Using your RA to Guide Your BSA Compliance Program
- BSA Training For All-Providing Job-Specific Training to Employees & Directors
- BSA/AML Model Validation-Understanding Agency Guidance on Model Risk Management
Enhancing Your CIP and CDD Process
- Identifying potential high-risk customers and conducting enhanced due diligence
- Meeting CIP requirements in Online Account Opening
- Understanding the flexibility at account opening detailed in recently issued FAQs
- Discover how you can get the information you need without sacrificing the accountholder experience
- Initiating event-triggered account reviews to ensure beneficial ownership and risk profile information is current and conforms to regulatory standards
- Use information provided to audit your CDD program in preparation for your next exam
OFAC, Section 314, HIDTAs and HIFCAs
- Best practices for complying with screening responsibilities and responding to matches
- Review of recent OFAC enforcements actions
- Risk impact of doing business in and with HIDTAs, HIFCAs, and countries of concern
Opening & Managing Accounts for Nonresident Aliens
- Distinguishing between identification types you may see at account opening
- Comparing and understanding tax identification number types
- Conducting appropriate enhanced due diligence
Day Two:
Accurately Completing a CTR
- Understanding how to properly complete CTRs for individuals and businesses, including sole proprietorships and legal entities
- Explaining the importance of providing all information you have on file
- Avoiding common CTR reporting errors
- Review of Phase I and Phase II Exemption Rules
Suspicious Activity Reporting
- Filing accurate SARs for emerging areas of fraud
- Understanding how recent regulatory and agency advisories and guidance impact your SAR filing process and procedures
- Writing an effective SAR narrative
Funds Transfers & Cybersecurity
- BSA requirements for wires and recordkeeping, including proposed Travel Rule changes
- Review of the latest types of wire fraud and scams
- Discussion of risk management practices and controls over information technology (IT) and wholesale payment systems networks, including authentication, authorization, fraud detection, and response management systems and processes
BSA for Lending & Operations Teams
- Red flags for mortgage and commercial loan fraud
- BSA/AML requirements for electronic banking, RDC & ACH transactions
- Best practices for providing tailored, job-specific training
Pandemic Impact on Your BSA/AML Program
- Review of the latest guidance from the Agencies with tips and best practices to navigate the challenges
- Policy and risk assessment considerations, including how to properly document exceptions
- Developing a contingency plan for your AML monitoring program
Day Three:
Banking Marijuana, Hemp and CBD Businesses
- Differentiate hemp-related, marijuana-related, and CBD businesses
- Distinguish FinCEN’s recent guidance for conducting due diligence on hemp-related businesses and FinCEN’s MRB guidance
- Ask the right questions at account opening to avoid “discovering” a cannabis business long after the fact
- Update your compliance program, including risk assessment, monitoring, and training
- Discuss legislation on the horizon regarding banking marijuana-related businesses
Emerging Trends & Hot Buttons
- Virtual Currency
- Privately Owned ATMs
- Elder Financial Exploitation
- Human Trafficking
Who Should Attend: Support staff, the bank’s independent audit team, or any personnel responsible for managing and maintaining a strong BSA and AML program.
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