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Pre-Conference Workshop Information
Monday, February 25
9:00 am- 4:00 pm | Ken Golliher, BOL Guru, Facilitator | $285 |
BSA Compliance Basics
What?
This seminar is the “immersion day” prior to BOL’s BSA/AML Top Gun School. It is designed to fulfill the training needs of two specific audiences: First, Top Gun registrants who see that program’s curriculum as a bit too challenging, either because their tenure in BSA/AML compliance is too short or is too specialized, and want to make certain they are up to speed on all aspects of BSA/AML compliance. The second group is people who do not plan to attend this year’s Top Gun session, but who need a comprehensive overview of BSA/AML compliance management as a part of their ongoing training. (Registration for Top Gun is not required for attendance at this program.)
Program materials consist of a 130 page manual that addresses each major area of domestic BSA/AML compliance. In this live presentation the presenter has an opportunity to cover every aspect of the materials in detail.
PROGRAM CONTENT
The seminar focuses on the domestic aspects of BSA/AML compliance and is presented at the basic or intermediate level. Topics addressed include:
- The regulatory agencies' role
- Identifying and using BSA resources effectively
- BSA/AML/OFAC risk assessments
- Anti – Money Laundering programs
- Customer identification programs
- Customer due diligence
- Enhanced customer due diligence
- Risk rating customers
- Currency transaction reporting
- Exemptions from currency transaction reporting
- Record Retention
- Monetary instrument sales
- Wire Transfers
- Miscellaneous records
- Introduction to OFAC Requirements
- Introduction to Suspicious Activity Reporting (New form pending)
WHY ATTEND THIS PRE-CONFERENCE WORKSHOP?
- BSA is one of the few regulations where compliance is so critical it is classified as a "safety and soundness" issue.
- Regulations require every bank to have an ongoing Bank Secrecy Act training program and examiners routinely ask for evidence of recent training – even from experienced BSA personnel.
- SAR filing requirements are one of the most difficult compliance responsibilities your institution has
WHO SHOULD ATTEND?
The program is designed for personnel who have responsibility for maintaining or auditing Bank Secrecy Act compliance efforts.
CRCM Credits
This program is approved for 5.75 hours of Continuing Professional Education credit for Certified Regulatory Compliance Managers.
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