Education & Events

The financial industry is required to take an increased leading role in preventing money laundering and potential terrorist funding. Compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Countering the Financing of Terrorism (CFT) continue to be a top priority with the regulators. This timely program provides current trends and tools for today’s BSA Officers and team members. This program also assists financial institutions in meeting the annual training requirements by the BSA regulations.

The focus of this program is to provide an update on the BSA/AML emerging trends and hot topics. Valuable information, tools, resources, and networking opportunities will be provided to refresh and refocus the bank’s BSA Compliance program and prepare for the next BSA examination and audit. Attendees will participate in case studies, review “real world” situations, and develop “takeaways” that can be implemented back at their banks.

Agenda

• Just Added – Up-to-date status of Beneficial Ownership! Easy-to-implement Tools, Checklists, and Resources for Preparing Customers, the Board, and the Bank!
• Brief Recap of Major AML/BSA Trends in 2023
• FinCEN Updates and Rulemaking
  • Anti-Money Laundering Act of 2020
  • Corporate Transparency Act (Beneficial Ownership)
  • Key FinCEN Communications
• Incorporating the Eight National Priorities into the BSA Compliance Program
• What’s New in the BSA/AML Examination Manual
• The Impact of Recent BSA/AML Violations, Enforcements & Penalties
• Common BSA/AML Audit Findings
• Fraud – Focus on Elder Financial Exploitation, Check Scams and More
• Risks Associated with Banking Digital Assets
• Partnering with Third Party Providers
• OFAC Sanctions and AML/Countering Financial Terrorism (CFT) Priorities
• What’s Ahead in 2024

Audience
This program is designed for BSA/AML compliance and fraud team members and support staff, audit team members, and individuals with accountability and responsibility for BSA Compliance. Because the focus is on emerging trends and hot topics, this program is more appropriate for those with a working knowledge of BSA/AML.

Facilitator
As a former banker, Dianne Barton, Founder, and 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.

Continuing Education
American Bankers Association (ABA) Professional Certifications 13.25 CAFP, CRCM credits.
Illinois Public Accounts will receive 12 CPE credit hours.

Fee Per Person
Member $505
Nonmember $875