Webinar: BSA for the Boardroom: Annual Training Made Understandable
May 1, 2024 3:00 pm - 4:30 pm
Is your board up for the task?
The board is required to regularly review and ensure adherence to BSA policies and procedures. Join veteran compliance attorney and recovering BSA officer David Reed as he cuts through the regulatory double speak and guides you through the law, program requirements, and essential elements of the board’s BSA responsibilities. This session will meet or exceed the annual BSA training requirements and provide a great overview of the evolving BSA responsibilities faced daily.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand the board’s role in Bank Secrecy Act compliance
- Appreciate the requirements of the Bank Secrecy Act
- Break down the five pillars of an effective BSA program
- Avoid common landmines
- Utilize available BSA resources
- Consider consequences of BSA violations
WEBINAR DETAILS
Federal regulations require every financial institution to have a written, board-approved program designed to ensure and monitor Bank Secrecy Act compliance. Increasing regulatory scrutiny on the board’s involvement in your BSA program is refocusing attention on this critical security area.
Today’s boards are faced with increasing pressure to stay informed on the complex regulatory, security, and business realities of the financial services marketplace. Financial institutions are on the frontlines in the battle against criminal and terrorist financing and the board has the ultimate responsibility for complying with all BSA requirements. Your board needs to understand and perform the tasks necessary for BSA compliance. Attend this annual training to learn how.
WHO SHOULD ATTEND?
This informative session is designed for directors, executives, senior management, BSA officers, compliance staff, internal auditors, and anyone involved in the BSA program.
TAKE-AWAY TOOLKIT
- 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.