Webinar: BSA for Lenders
November 30, 2023 3:00 pm - 4:30 pm
Over the last few years, lenders have been busier than ever – while still being expected to adhere to Bank Secrecy Act (BSA) requirements and ensure their policies and procedures protect their institutions from fraud.
Lenders are on the frontline of identifying suspicious activity and need annual training to stay current on what is fully expected of them.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand your responsibilities under the five pillars of BSA
- Identify red flags and report potentially suspicious activity
- Gather required CDD information, including beneficial ownership data
- Comply with OFAC screening responsibilities
- Determine how to respond to the latest lending-related BSA “hot buttons”
- Detail penalties for noncompliance
WEBINAR DETAILS
Lenders are often the first line of defense in identifying and reporting suspicious activity. Still, the transaction types and methods for originating a new loan are often very different from the types of transactions and account opening methods used for deposit accounts. Therefore, it’s crucial that lending staff receive tailored initial and annual training on BSA/AML requirements and fully understand what is expected during their day-to-day duties. This session will detail BSA/AML rule components, including red flags for mortgage and commercial loan fraud, CIP documentation, CDD rules (including documenting beneficial ownership), OFAC screening, CTR completion, and much more!
WHO SHOULD ATTEND?
This informative session is designed for deposit operations personnel, loan operations staff, electronic banking staff, BSA/AML officers, and internal auditors.
TAKE-AWAY TOOLKIT
- Sample beneficial ownership form and calculator
- Sample due diligence form
- Sample suspicious incident report
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.
Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.
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