Virtual | December 7-8, 2022, 9:00 a.m. - 3:30 p.m. CST
ABA Professional Certifications - 12 CRCM, CAFP credits
CPE for Illinois Public Accountants - 12 credit hours
This program focuses on the latest changing BSA arena and offers tips and tools to develop and manage an “adequate” and “effective and reasonably designed” BSA program. Attendees will receive a Training Program Manual, an updated FFIEC BSA/AML Examination Manual, a Resource Manual (packed with examples, forms, templates, and handouts), and opportunities to network with peers on current challenges and trends.
Recap of Major AML/BSA Trends in 2021-2022 During this update, we will focus on current BSA/AML trends and the regulatory guidance that outlines the responsibility for BSA/ AML compliance.
2022 Update of BSA Reform and Priorities - National Defense Authorization Act What is the current status of the BSA Reform Priorities set forth in the National Defense Authorization Act? This session focuses on an update and discusses the key eight BSA/AML priorities, including Terrorist Financing and Proliferation Financing, as well as recommendations for proactively meeting regulatory expectations.
FinCEN Updates and Impact of the FFIEC BSA/AML Examination Manual This session will highlight the key takeaways from these updates, focusing on enhancing the banks’ policies, procedures, and processes.
Preparing for the BSA/AML Examination - Learning from Recent Enforcement and Audit Findings Often, bankers comment that enforcement actions only happen to big banks. Regulators are encouraging senior management and boards to stay abreast of enforcement actions. We will examine recent consent order(s) with specific BSA violations to share with senior management.
What are the Examiners and Auditor's BSA/AML Pulse Points? Share and learn from other bankers and regulators about the current hot topics during recent BSA/AML examinations and audits.
Revisiting the BSA/AML Compliance Risk Assessment The enhanced focus on using risk assessments to increase AML program effectiveness is consistent with federal and state regulatory priorities. Many of the recent BSA/AML regulatory exam findings cite BSA/AML, and OFAC risk assessments that lack detailed analysis to identify risk with in the customer base. This session will revisit the BSA/AML risk assessment process and provide additional insight, tips, and recommendations.
High-Risk Products and Services and “Other Illicit Financial Activity” Best practices for risk-focused high risks and other illicit financial activity, including cybersecurity, elder financial exploitation, and fraud.
Cannabis Banking Update – From Hemp to Delta 8 to Weed Key elements for banking and not banking cannabis-related products.
Emerging Payment Trends and Risks As our banks move to increased online banking services, the BSA implications will be impacted exponentially. ACH payments are quickly becoming one of the primary means of noncash payment. This session will focus on best practices in proactively mitigating risks in relation to the increasing changes in the payments arena.
Banking Virtual and Digital Currency: What You Need to Know Are you interested in gaining a better understanding of virtual and digital currency This session will focus on information to help understand your institution’s overall exposure or quantify the risks of getting more deeply involved in these businesses?
Educating the Bank and the Board: Ongoing Learning What are the musts, recommendations, and key challenges for meeting the updated BSA/ AML/OFAC Training Pillar requirements? This session will include practical tips and job aids to ensure that training is more than just a “check in the box.”
Human and Wildlife Trafficking Financial institutions that correctly identify indicia of human trafficking are critical to law enforcement’s efforts to combat human trafficking. The pandemic aggravated the conditions that lead to human trafficking and can occur in various industries. In addition, the proceeds related to wildlife trafficking are estimated to be between $7 and $23 billion annually. According to FinCEN, financial institutions play a critical role in “identifying wildlife trafficking and protecting the U.S. financial system from associated illicit finance through compliance with their BSA obligations.” This session will highlight key musts and recommendations for identifying and mitigating human and wildlife trafficking risks.
OFAC and Sanctions Compliance Update FATF is the most important watchdog to deter jurisdictions that may allow money laundering, terrorist financing, and other illicit and corrupt activity in their countries. This session will focus on the latest OFAC updates, how our changing world impacts regulations and best practices for maintaining OFAC compliance.
What’s Ahead in 2023 -Tips, Tools, and Takeaways This session will wra p up the program and highlight upcoming proposed rulemaking and key initiatives that are on the horizon for BSA/AML.
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.
Fee Per Person