The BSA officer is often on the front line of defense. Being a BSA officer requires technical knowledge, the ability to navigate and negotiate among entities within the organization, and the capability to deal with auditors and regulators. This webinar will provide a general overview of BSA requirements and examine real-life scenarios. Participants will learn to identify which areas of their institution require further research and which are well in hand. Day-to-day, operational, and other critical issues a new BSA officer needs to know will be addressed.
- The BSA officer’s reality
- Risk assessment overview
- Requirements of CTRs and SARs
- Permissible sharing of information between financial institutions – USA PATRIOT Act Sections 314(a) and 314(b)
- Customer/member due diligence and enhanced due diligence
- Real requirements of a solid BSA review
- Navigating the BSA players within the institution
- TAKE-AWAY TOOLKIT
- Manual will provide additional information and resources far beyond the information addressed and will provide a roadmap to navigate BSA requirements
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for BSA officers who are relatively new. More experienced BSA officers will find the information a good refresher, as well as management and any personnel who work with BSA.
SPEAKER: Bill Elliott, Young & Associates, Inc.
Bill Elliott has over 35 years of banking experience. As a senior compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.
Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.