Click on the hyperlinked title below to read a full description for each webinar in our 2018 BSA Series.
(1) Virtual Currencies and BSA: What is the Risk?
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.
(2) New BSA Officer Training
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.
(3) New BSA Customer Due Diligence Rules: Understanding Beneficial Ownership
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.
(4) BSA Software Validation: 3 Tests Every Validation Needs
When set up correctly, automated BSA monitoring can enhance your BSA/AML program and help you become more efficient in managing your responsibilities. Examiners have made their expectations clear that your BSA software should have an independent validation to ensure the results are accurate and useful. This validation can give you piece of mind that your system is operating as you intend it to.
(5) BSA Risk Assessments & Effective Risk Management
After attending this webinar, you will be able to conduct a comprehensive review of your Institution's current BSA/AML/OFAC risk assessment matrixes, including determining the complement and thoroughness of the risk assessments, and determining if the current matrixes are appropriate for your Institution. You will also learnhow to determine your Institution’s risk threshold based on your strategic plans and business models.