Training is a Pillar of your BSA/AML compliance program. And there is so must to train on! A new CTR, big changes on a new SAR, new beneficial ownership rules and risk-based customer due diligence. Is your staff ready and trained?
Cyber security takes the front seat on the new SAR. Learning how to complete the new data fields on SARs and the new page on transaction location for CTRs will be covered.
You need a full understanding of FinCEN's two significant guidance documents and the 63 FAQs they contain, in order to fully comply with the regulations on Beneficial Ownership Requirements for Legal Entity Customers and the codification of a &q
Recorded on April 23, 2018
Just the FAQs — FinCEN’s Guidance on Beneficial Ownership and Customer Due Diligence
Banks simply cannot comply with FinCEN’s 2016 Customer Due Diligence Requirements for Financial Institutions rule, with its addition of Beneficial Ownership Requirements for Legal Entity Customers and codification of a “five pillar” requirement for f
Recorded on April 17, 2018
BSA Annual Staff Training --Updated for Beneficial Ownership
Is Your Customer Hiding Money? Does your customer buy cashiers checks and store them? Does your customer operate a business in a personal account? Does your customer have transactions that are layered?
Recorded on March 01, 2018
New Account Interview: Updated for New CDD Requirements
FinCEN says that “Banks specifically are expected to “obtain information at account opening sufficient to develop an understanding of normal and expected activity for the customer’s occupation or business operations.” In short, to understand the typ
Recorded on December 14, 2017
Business Accounts Documentation and Procedures with Beneficial Ownership
Update your business account procedures with new rules for beneficial owners. Who is in and who is out? What needs to change and what remains the same.
Are you banking the “customer from hell”? Why? Sometimes you need to un-bank an individual or entity, or even refuse to open an account in the first place.