BSA reality check? Sometimes BSA issues get messy. Do you know how to deal with complicated scenarios and take the necessary action? This webinar will use real-life situations to demonstrate BSA in action – beyond the basics.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Address more-complex BSA situations which are becoming more prevalent
- Use the tools provided to ensure compliance
- Determine which situations are and are not significant
- Explain the need for BSA action to management
- Report relevant BSA situations
Every financial institution handles basic currency transaction reports (CTRs) and suspicious activity reports (SARs). But what about when the circumstances aren’t straightforward or are confusing? Who gets reported as “owners or related parties” on CTRs? What if a financial institution receives money they shouldn’t have, due to a COVID-related scam? What if a financial institution is a victim or is involved, even tangentially, in a cybercrime? This webinar will deal with real-life events that could happen at your institution.
(Note: Attendees should have an understanding of the Bank Secrecy Act. While the manual will offer CTR and SAR information, the manual is offered as a resource document rather than the actual course material. The course material will focus on case studies and situations your institution may face.)
WHO SHOULD ATTEND?
This informative session is designed for BSA officers and staff, BSA SAR committee members, management, and all others who deal with BSA or crimes/cybercrimes.
- Manual detailing all filing and completion requirements for CTRs and SARs
- A series of case studies with the appropriate solutions
- Employee training log
- Interactive quiz
SPEAKER: Bill Elliott, Young & Associates, Inc.
Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and director of compliance education 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 departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.