BSA/AML Compliance: Recent Developments & Common Errors
Two hour tele-web seminar July 17, 2012
Are you looking for an efficient, focused update on BSA Compliance? You’ve found it! This program emphasizes common BSA violations and important developments in the preceding 12 to 18 months.
This tele-web seminar will begin on Tuesday, July 17, 2012 at 11:30 AM to 1:30 PM Pacific Time.
Ongoing Bank Secrecy Act (BSA) training is a legal requirement. For the experienced BSA Officer or Auditor, that training needs to focus on recent developments and reminders regarding key issues. This two hour session is designed for that group. No other federal regulation contains more stringent, enforceable training requirements. Even experienced personnel are expected to maintain their knowledge level with ongoing education.
This program is designed to make continuing education more efficient and effective. The manual is the one that the presenter uses in a full day seminar. It includes a full review of BSA requirements. However, this session focuses on specific pulse points in BSA compliance. This year, a significant portion of the program is focused on recent changes to the CTR exemption process.
- This presentation emphasizes common BSA violations and important developments in the preceding 12-18 months. Registrants may submit questions and suggested areas of emphasis prior to the program. Currently, the issues where emphasis is expected include:
- Common problems with technical BSA compliance requirements; e.g. CTR filing
- New BSA – SAR
- New BSA – CTR
- New BSA – DOEP
- “IT modernization” is electronic filing the last step?
- Identifying beneficial owners, where are we now?
- Recent and expected developments regarding record retention and possible reporting for wire transfers
- SAR Activity Review: “Trends, Tips, & Issues,” & “By the Numbers.” How to use them as resources in your communications and training.
- You know about HIFCA’s & HIDTA’s, but does your risk assessment acknowledge your presence in a “Bulk Currency Corridor?”
- Interagency examination procedures & resources
- Objectively identifying “high risk” customers
- SAR filing – the agencies’ emphasis on the program and the process.
Experienced BSA officers and auditors. The program is not designed as a general review or to meet the needs of line personnel.
Ken Golliher is a principal with Pegasus Educational Services, LLC. Prior to becoming a full time trainer, he was a community banker and then General Counsel for a regional consulting firm for financial institutions. He presents schools and seminars in over 25 states and has served on Compliance Schools sponsored by the OTS and the FDIC.
2.0 total credits
Member price: $250.00 | Non member price $500.00