2-Day Virtual Seminar on AML/BSA Boot Camp

2-Day Virtual Seminar on AML/BSA Boot Camp When: Wednesday & Thursday November 10 - November 11 , 2021. Duration : DAY 01 & Day 02 (7:00 AM - 01:00 PM )

Register Now       

The BSA / AML / OFAC Compliance Officer is responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program, and for assuring that the bank is in compliance with the Bank Secrecy Act, USA Patriot Act, OFAC, and all other applicable laws. Currency Transaction Reports and Bank Secrecy Act began in 1970. While the basic premise has remained the same, the amount of bureaus and regulations has reached staggering proportions. The BSA exam manual is now 442 pages. The Treasury Department has designated FinCEN, Financial Crimes Enforcement Network, to oversee the Bank Secrecy Act. Civil Monetary Penalties for non compliance from thousands to millions of dollars continue to make headlines. Willful disobedience can be blamed on the board of directors down to the compliance department.

Learning Objectives:
Learn how the four pillars of BSA need to be implemented with appropriate policies and procedures to effectively manage compliance within the laws.
Learn about monitoring for and completing currency transaction reports.
Learn how the roles of FinCEN, OFAC and the USA Patriot Act impact your institution.

Areas Covered in the Seminar:
4 Pillars of BSA/AML Program
Board Training and Job Specific Training
Currency Transaction Reports
Suspicious Activity Reports
Money Service Businesses
Customer Identification Program
Customer Due Diligence