2023 BSA/AML Fundamentals

Contact a Professional Development Associate for more details. Click here for the registration & cancellation policy.

Day I Topics:

• The Role of FinCEN
• BSA 101
• The Tools of BSA
• Money Laundering Methods in Today’s Environment
• Review of the BSA Building Blocks and 5 Pillars
• CIP, CDD, and EDD           
• Bank Secrecy Act: Legal Update & Enforcement Trends

Day II Topics:

• BSA Compliance Management Program
• Risk Assessments and Risk Rating of Customers
• BSA Reporting and Record Keeping
• Currency Transaction Reporting (CTR) & Suspicious Activity Reporting (SAR)
• Monetary Instrument Logs (MIL)
• Wire Transfers
• High-Risk Products and Services
• Case Studies
• Everything you wanted to ask a Banker and Auditor about BSA
• Tools Available for Today’s BSA Team

Day III Topics:

• Suspicious Activity Report – From Decision Making to Writing the SAR                  
• BSA and OFAC Training
• Office of Foreign Asset Control (OFAC) Compliance
• Record Retention
• Action Planning