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    Virtual Currencies and BSA: What is the Risk?

    $99.00
    *
    This session will enhance your understanding of virtual currencies. We will explore the risks that these virtual currencies pose and what your BSA responsibility is related to them.

    Overview

    Due to the growth in the popularity of virtual currencies and the accompanying potential for money laundering, FinCEN issued guidance to "clarify the applicability of the regulations implementing the Bank Secrecy Act (“BSA”) to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies." The key to managing your BSA risk is to fully understand what virtual currencies are and what threat they pose to your institution.

     

    Covered Topics

    • What is virtual currency?
    • What are the different types of virtual currency?
    • What's the difference between currency and virtual currency?
    • How can money be laundered using virtual currency?
    • How does virtual currency affect your BSA / AML program?
    • Does all virtual currency have to be considered?
    • What does the FinCEN guidance require me to do?
    • And much, much more . . .

    Who Should Attend

    This informative session is designed for BSA Officers and Staff, Risk Management Officers and Staff, Compliance Officers and Staff, Retail Operations Managers, and Internal Auditors and Staff.

    Course Level: Beginner/Intermediate

    Products specifications
    CE Credits 2.5
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    Overview

    Due to the growth in the popularity of virtual currencies and the accompanying potential for money laundering, FinCEN issued guidance to "clarify the applicability of the regulations implementing the Bank Secrecy Act (“BSA”) to persons creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies." The key to managing your BSA risk is to fully understand what virtual currencies are and what threat they pose to your institution.

     

    Covered Topics

    • What is virtual currency?
    • What are the different types of virtual currency?
    • What's the difference between currency and virtual currency?
    • How can money be laundered using virtual currency?
    • How does virtual currency affect your BSA / AML program?
    • Does all virtual currency have to be considered?
    • What does the FinCEN guidance require me to do?
    • And much, much more . . .

    Who Should Attend

    This informative session is designed for BSA Officers and Staff, Risk Management Officers and Staff, Compliance Officers and Staff, Retail Operations Managers, and Internal Auditors and Staff.

    Course Level: Beginner/Intermediate

    Products specifications
    CE Credits 2.5
    Product tags
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    Presenter:

    Brandy Lalla

    Brandy Lalla is a compliance consultant who is based in New Orleans, LA . She has over 19 years of financial industry experience working in various areas of both national and community banks, including in the Internal Audit and Compliance areas.  She earned a bachelor's degree in Accounting and designations as a Certified Regulatory Compliance Manager (CRCM), Certified Anti-Money Laundering Specialist (CAMS), and Certified Internal Auditor (CIA). Brandy specializes in Deposit Compliance, the Bank Secrecy Act, and Operations Risk Management.