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    New BSA Customer Due Diligence Rules: Understanding Beneficial Ownership

    $219.00
    *
    This webinar explores the new customer due diligence rules, and how they impact your institution's daily operations. During our discussion, we will explore updates to your BSA program documentation, customer forms, on-boarding processes, system changes, and the extensive training that will be required.

    Overview

    New customer due diligence (CDD) rules took effect in July 2016. The new rules have changed the way we must look at our commercial customers and its beneficial owners. While institutions are not required to be in compliance until May 11, 2018, it is important to start working on the changes now. There will be bumps in the road, so getting an early start is vital to ensure full compliance by next year.

    These new rules affect many aspects of your BSA Program and raise quite a few questions. This session will explore the new CDD rules, and how they impact your institution's daily operations. During our discussion, we will explore updates to your BSA program documentation, customer forms, on-boarding processes, system changes, and the extensive training that will be required.

    Covered Topics

    • What do the new rules require me to do?
    •  How do these new rules differ from the prior requirements?
    • What is the two-prong approach to beneficial ownership?
    • How do we handle NGOs, charities, and religious organizations?
    • What types of verification is acceptable?
    • What changes do I need to make to my processes?
    • Do the new rules affect my OFAC requirements?
    • How does my core and monitoring systems factor into the changes?
    • 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.

    Products specifications
    CE Credits 2.5
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    Overview

    New customer due diligence (CDD) rules took effect in July 2016. The new rules have changed the way we must look at our commercial customers and its beneficial owners. While institutions are not required to be in compliance until May 11, 2018, it is important to start working on the changes now. There will be bumps in the road, so getting an early start is vital to ensure full compliance by next year.

    These new rules affect many aspects of your BSA Program and raise quite a few questions. This session will explore the new CDD rules, and how they impact your institution's daily operations. During our discussion, we will explore updates to your BSA program documentation, customer forms, on-boarding processes, system changes, and the extensive training that will be required.

    Covered Topics

    • What do the new rules require me to do?
    •  How do these new rules differ from the prior requirements?
    • What is the two-prong approach to beneficial ownership?
    • How do we handle NGOs, charities, and religious organizations?
    • What types of verification is acceptable?
    • What changes do I need to make to my processes?
    • Do the new rules affect my OFAC requirements?
    • How does my core and monitoring systems factor into the changes?
    • 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.

    Products specifications
    CE Credits 2.5
    Product tags
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    New BSA Officer Training

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    Being a BSA officer requires technical knowledge, communication and cooperation with auditors and regulators, and the ability to navigate and negotiate among entities within your Institution. We will review BSA requirements and examine real-life scenarios. You will learn which areas in your Institution require additioal research and how to investigate, file, and track a SAR. After attending this webinar you will be well-positioned to meet- and surpass- examiner and regulator expectations.
    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.