2025 BSA: AML/CFT Fundamentals

BSA: AML/CFT Fundamentals
3-day Basic Training on Bank Secrecy Act & Anti-Money Laundering for Community Bank Professionals

Step beyond the basics and become the frontline defender your institution needs-master the tools, insights, and strategies to turn BSA compliance into your greatest strength In the fight against financial crime.  This comprehensive class goes beyond understanding the regulations-it equips you with actionable knowledge and resources to confidently fulfill your role in preventing financial crimes. As a cornerstone of the financial industry, compliance with the Bank Secrecy Act (BSA) is a critical responsibility, ensuring the safety and soundness of your institution while combating money laundering and terrorist financing. 

INSTRUCTORS: 


Kristin Harville
Senior Consultant
PSI

Specifically designed for BSA Officers and compliance team members, the BSA/AML School is your gateway to understanding the examination process and applying regulatory expectations effectively in your day-to-day responsibilities. This isn't just a session on rules-it's a program that bridges the gap between regulations and real-world practices. 

You'll dive deeply into the FFIEC BSA/AML Examination Manual and 31 CFR Chapter X, learning how to translate these resources into actionable steps for your institution. Through hands-on exercises, practical examples, and discussions, you'll gain the tools needed to enhance procedures, refine processes, and implement an effective compliance program. 

Whether you're new to BSA/AML compliance or seeking a comprehensive refresher, this class provides everything you need to strengthen your institution's compliance efforts and take on the challenges of today's regulatory landscape with confidence. 

Agenda Includes:

• Money Laundering and History of Bank Secrecy Act
  • Today's BSA Officer and Team -Understanding the Key Job Duties and Responsibilities
  • The Tools of BSA-Maximizing BSA Resources
  • The Role ofFinCEN -Collaboration and Joint Agency Oversight
  • BSA/AML Violations and Penalties -How to Minimize the Risks
• BSA/AML Risk Assessments
  • Beyond Appendix J -Customizing Risk Assessments for Your Institution
  • Integrating Risk Assessments into Daily Operations
• BSA/AML Compliance Program and Key Components
  • Internal Controls - Designing and Testing Effective Procedures
  • Independent Testing - Ensuring Program Accuracy and Effectiveness
  • Training -Building Awareness Across All Levels
  • The Role of the BSA Compliance Officer
• Customer Identification and Due Diligence
  • Customer Identification Program (CIP)- Best Practices
  • Customer Due Diligence (CDD) and Beneficial Ownership - Managing High-Risk Customers
  • Enhanced Due Diligence (EDD) - When and How to Apply It
• BSA Reporting and Recordkeeping - Common Practices and Challenges
  • Currency Transaction Reporting (CTR) - Accurate and Timely Filing
  • CTR Exemptions -Managing Eligible Customers
  • Monetary Instrument Logs (MIL) - Proper Documentation
  • Funds Transfers - Recordkeeping Requirements
• Suspicious Activity Reporting (SAR)
  • Identifying Red Flags for suspicious activitiy
  • Crafting clear and actionable SAR narratives
• Office of Foreign Asset Control (OFAC) Compliance
  • Sanctions Screening - Managing High-Risk Transactions
  • Addressing OFAC Violations
• Hot Topics and Emerging Trends
  • Fraud, Cybersecurity Threats, and other illicit activities
  • Preparing for future regulatory changes
• Record Retention
  • Guidelines for maintaining records in compliance with regulations
  • Common pitfalls and solutions

Attendee Takeaways: Attendees will receive a Training Program Manual and a Resource Toolkit Manual packed with "real world" examples, templates, and handouts that can be implemented back at their banks.



INSTRUCTOR INFO:
Kristin Harville is a Senior Consultant with Performance Solutions, Inc. (PSI), a training and consulting company, that has been a part of the banking community for 40+ years that specializes in providing "real world" situations in meeting the ever-changing banking and regulatory environment. With her extensive background as a banker, an examiner, and a consultant, she brings a wealth of "real world" knowledge and "how to's" to the PSI compliance deliverables. 

Her most recent experience included leading a $2.7B banking compliance team focused on BSA, Compliance Management System, Internal Audit, Technology Implementation, and Enterprise Risk Management. Her certifications include Juris Masters Degree in Law (Major in Financial Regulations), Certified Regulatory Vendor Program Manager, Certified AML and Fraud Professional (CAFP), Certified Regulator Compliance Manager (CRCM), Certified Bank Secrecy Act Professional, and Banking Certificate - Barret School of Banking.