Presented by:
Ken Golliher
VIEW A 10 MINUTE SAMPLE
(requires Windows Media Player and IE).
- Complete presentation
(including slides and audio)
- Written Materials
- Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.
.
Your board of directors reviews your bank's risk assessment, approves its BSA/AML policy and receives information about its SAR filings. Can they reasonably be expected to perform those functions without training that enables them to understand those responsibilities?
WHY?
No other federal regulation contains more stringent, enforceable training requirements than those relating to Bank Secrecy Act (BSA) compliance. Each segment of your employee population must have training that is designed to meet their particular needs for comprehension of their BSA/AML responsibilities. Board members have training needs just like every person connected to BSA/AML compliance.
PROGRAM CONTENT?
This presentation emphasizes BSA/AML basics. It addresses about what board members are expected to do and why they are expected to do it. The training should be supplemented by a review of your institutions procedures and processes for assuring compliance.
Segment One
The Bank Secrecy Act (BSA), its purpose and a brief history
What is the role of your institution's regulatory agency?
How does BSA compliance affect your institution's CAMELS rating?
Who is the "M" in the CAMELS rating?
Regulatory criticisms, how the are delivered and their importance
Responding to regulatory criticisms
The BSA policy vs. BSA procedures
Internal controls
Independent testing
Training
Individual responsible for compliance
BSA's currency transaction reporting requirements
BSA's record retention requirements
BSA's suspicious activity reporting requirements
OFAC compliance
Segment Two
The AML policy & procedures
Customer identification program
Due diligence
Reviewing the risk assessment
Enhanced due diligence
Reviewing periodic BSA/AML compliance reports
Considering the tough policy decisions that affect your bank's risk levels
- How much information to obtain at account opening
- Voluntarily not dealing with non customers
- Providing services to non bank financial institutions
- Voluntarily closing relationships involving suspicious activity or where compliance costs exceed revenues
The process for gathering information and filing Suspicious Activity Reports (SARs)
Reviewing SAR filings, the directors' role
WHO?
The program is designed as an introduction to BSA/AML requirements for board members. It is a general review and content might be suitable as an introduction to the topic for other staff members, but the analysis and commentary offered will assume the audience is made up of the bank's board of directors.
About the speaker:
Ken Golliher
Ken is a principal with Pegasus Educational Services, LLC, a training firm headquartered in Louisville, Kentucky. He is an experienced banker with a unique ability to reduce complex legal concepts to plain English. He has explained the "why" and "how" of regulations to thousands of financial institution personnel and examiners. Ken's banking career began in 1972 and includes serving as a teller, commercial operations manager and as trust department legal counsel in a state and a national bank. For ten years he headed the education division of a regional consulting firm for financial institutions. He has served on the faculty of the LSU Graduate School of Banking, the OTS' Level I Compliance School and the FDIC's Advanced Consumer Protection school for examiners. He has presented seminars in more than 25 states and has served as an instructor at compliance schools sponsored by the Illinois, Indiana, Iowa, Georgia, Kansas, Kentucky, Nebraska, Oklahoma, Pennsylvania and Texas bankers associations. He is a member of the Society for Applied Learning Technology. He is also a "BOL Guru."
CD-ROM includes:
This product was added to our catalog on Thursday 22 May, 2008.
