Hybrid Delivery Options (select your preference when registering)
March 28-29, 2023 – IBA Center for Banking Excellence, Springfield OR Live-Streamed via Zoom
9:00 a.m. - 4:00 p.m.
BSA is an ongoing, ever-changing “safety and soundness” issue. This informative two-day Bootcamp provides the framework for understanding the BSA team’s roles and responsibilities for BSA/AML and OFAC compliance. The financial industry is required to take an increasingly leading role in preventing money laundering and potential terrorist funding. Compliance with the Bank Secrecy Act (BSA) continues to be a top priority with the regulators. One primary requirement of BSA is to designate a BSA/AML officer and ensure that the BSA officer and the BSA team are well trained and qualified to carry out the duties of this critical position.
This session provides current, updated tools, techniques, and “real world” practice and examples for learning the critical components of a BSA/AML program. Basic BSA regulatory framework and provide you with an understanding of the BSA, OFAC, and core recordkeeping and reporting requirements will be reviewed. Attendees will utilize the FFIEC BSA/AML Examination Manual and 31 CFR Chapter X and receive tools, handouts, and best practices.
Money Laundering and History of Bank Secrecy Act – Evolving during COVID
Today’s BSA Officer and Team – Understanding the Key Job Duties and Responsibilities
The Tools of BSA – Maximizing BSA Resources
The Role of FinCEN – Including the Shift to Joint Agency
BSA/AML Violations and Penalties – How to Minimize the Risks
BSA/AML Risk Assessments – What the Regulation Requires
BSA/AML Compliance Program and 4 Components
Customer Identification Program
Red Flags Focus
Customer Due Diligence and Beneficial Ownership
BSA Reporting and Record-Keeping – Common Practices and Challenges
Currency Transaction Reporting (CTR)
Monetary Instrument Logs (MIL)
Suspicious Activity Reporting (SAR)
Office of Foreign Asset Control (OFAC) Compliance
Fraud and BSA
Designed for newly-appointed BSA/AML Officers, BSA/AML team members, or those responsible for the function
As a former banker, Dianne Barton, Founder & President of Performance Solutions, Inc., provides a full array of bank-specific learning solutions, including leadership and management development, regulatory and compliance implementations, retail growth strategies, sales & service culture development, strategic planning, is recognized as “real world solutions” by both regional banks and community banks.
Per Person Fee
IBA Member $505 | Nonmember $875