Webinar: Avoiding Liability Under the Bank Secrecy Act
May 30, 2024 3:00 pm -4:30 pm
Don't fool yourself into thinking that civil money penalties are the only remedy available for BSA enforcement.
Recent enforcement actions have shown that regulators are more than willing to use the criminal justice system and its penalties against individuals to prosecute significant violations. A regular review of enforcement actions by FinCEN should be all it takes to remind you of the increasing perils of an ineffective BSA program. Is your program examiner-ready?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate current trends in BSA examination strategies
- Understand the array of BSA enforcement tools
- Effectively utilize regulatory and examination guidance
- Evaluate recent enforcement actions
- Deploy five lessons learned that can keep you out of jail
WEBINAR DETAILS
Now is not the time to be complacent about Bank Secrecy Act training! Not long ago a major national bank was assessed a $390,000,000 civil money penalty for BSA violations because of their failure to implement and maintain an effective anti-money laundering program. Are you sure your program and personnel are up to the task? The BSA continues to be a high regulatory examination target and one that should receive your full time and attention.
Join veteran compliance attorney and former BSA compliance officer David Reed as he guides you through the tools regulators and law enforcement can use to mandate BSA compliance. This program will address recent trends in enforcement actions and focus on methods to ensure your staff and institution remain fully compliant and out of the headlines.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, senior executives, directors, audit committee members, compliance staff, audit staff, security officers, and anyone involved with the BSA program.
TAKE-AWAY TOOLKIT
- BSA compliance checklist
- BSA resource guide
- Key regulatory guidance
- Examination guidance
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
Speaker: David A. Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.
Register Here
Professional Development Grant Opportunities
May 30, 2024 3:00 pm -4:30 pm
Don't fool yourself into thinking that civil money penalties are the only remedy available for BSA enforcement.
Recent enforcement actions have shown that regulators are more than willing to use the criminal justice system and its penalties against individuals to prosecute significant violations. A regular review of enforcement actions by FinCEN should be all it takes to remind you of the increasing perils of an ineffective BSA program. Is your program examiner-ready?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Appreciate current trends in BSA examination strategies
- Understand the array of BSA enforcement tools
- Effectively utilize regulatory and examination guidance
- Evaluate recent enforcement actions
- Deploy five lessons learned that can keep you out of jail
WEBINAR DETAILS
Now is not the time to be complacent about Bank Secrecy Act training! Not long ago a major national bank was assessed a $390,000,000 civil money penalty for BSA violations because of their failure to implement and maintain an effective anti-money laundering program. Are you sure your program and personnel are up to the task? The BSA continues to be a high regulatory examination target and one that should receive your full time and attention.
Join veteran compliance attorney and former BSA compliance officer David Reed as he guides you through the tools regulators and law enforcement can use to mandate BSA compliance. This program will address recent trends in enforcement actions and focus on methods to ensure your staff and institution remain fully compliant and out of the headlines.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, senior executives, directors, audit committee members, compliance staff, audit staff, security officers, and anyone involved with the BSA program.
TAKE-AWAY TOOLKIT
- BSA compliance checklist
- BSA resource guide
- Key regulatory guidance
- Examination guidance
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
Speaker: David A. Reed, Reed & Jolly, PLLC
Attorney, author, consultant, and nationally recognized trainer, David Reed is a partner in the law firm of Reed & Jolly, PLLC. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections.
A former trial attorney and vice president and general counsel of a large regional financial institution, David is also a Certified Fraud Examiner. He is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy.