Skip to content
BOL Conferences Top Gun 23
Thread Options
#534553 - 04/21/06 01:46 PM BSA Training
CrashDavis Offline
Gold Star
Joined: Jun 2005
Posts: 283
Is it a requirement for the BSA Officer to have annual BSA training. I went to a seminar in 2005 when I took over this responsibility. In 2006, I am not scheduled to go to a seminar. I did visit a bank comparable to our size and reivew their procedures and I also go to a meeting quarterly of compliance officers in the state for a 3 hour meeting covering several topics. Some do not pertain to my area. Is this sufficient.

Thanks for your commments

Return to Top
BSA/AML/CIP/OFAC Forum
#534554 - 04/21/06 01:53 PM Re: BSA Training
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
I do know that in addition to examiners checking to see that staff is trained every year, they do ask for details on the training I've participated in each year. If you can't get out of the office, register for a BOL webinar.

Return to Top
#534555 - 04/24/06 01:49 PM Re: BSA Training
DeeQ Offline
10K Club
DeeQ
Joined: Dec 2002
Posts: 40,766
Turnpike Exit 10
They also want to see thta others besides front line staff have training, for instance: wire dept., servicing and originations.
_________________________
Get your facts first, then you can distort them as you please. - Mark Twain

Return to Top
#534556 - 04/24/06 02:17 PM Re: BSA Training
MagicCity Offline

Power Poster
MagicCity
Joined: Apr 2003
Posts: 3,003
Fort Lauderdale, Florida
The examiners always ask us for the the list of seminars attended and other training that the BSA department staff have had.

Return to Top
#534557 - 04/24/06 02:36 PM Re: BSA Training
devsfan Offline
Diamond Poster
Joined: Jun 2004
Posts: 1,927
NYC
There ara many ways in which you can receive training without leaving town for a seminar. As Pizza Queen stated, therer are many fine BOL web seminars that provide much useful info for both you and others in your organization. There are also many publications that you can sign up for, some free and some at a cost, such as Money Laundering Alert that send newsletters that you can add to your "training library". Some of the local ACAMS chapters also hold meetings, after hours, that can be considered as training.

Return to Top
#534558 - 04/24/06 03:38 PM Re: BSA Training
dare2dream Offline
100 Club
dare2dream
Joined: May 2005
Posts: 128
California
I'm starting my Fed Reserve Exam today, and the questionare specifically asked what training BSA Staff had received over the past reporting period. I listed all the the training both webinars and face to face (quite honestly I was kinda surprized how much training we did - it was a lot), so just FYI.
_________________________
The trouble with real life is that there is no danger music.

Return to Top

Moderator:  Andy_Z