Webinar: BSA Officer Part 3: BSA/AML Deep Dive for the New BSA Officer
May 3, 2023 3:00 pm - 4:30 pm
Maintaining compliance with the Bank Secrecy Act (BSA) and the Anti-Money Laundering (AML) Act is foundational to any BSA officer’s job.
Tendrils of these two Acts are woven into nearly every component of a financial institution’s operations, including CIP, CDD, OFAC, CTRs, SARs, privacy, and more. Attending this three-part series will ensure new BSA officers have a well-rounded foundation and can see the forest for the trees.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Review the five pillars upon which your entire BSA program is built
- Incorporate the components of the AML Act into training and reporting processes
- Comply with currency transaction reporting rules
- Identify and report suspicious activity
- Understand best practices for documenting CIP and CDD compliance
- Use the information and tools provided to develop a comprehensive training and reporting program
WEBINAR DETAILS
BSA/AML officers are responsible for developing and administering a BSA program that provides adequate controls, monitoring processes, independent audits, and ongoing training of your institution’s staff and directors. Wrapping your arms around the many facets of the Act can seem like a daunting task. Where should you focus your time? What are the highest-risk areas? How do you even know what those areas are? When is your next exam? How did the last exam go? How can you communicate new rules and updated procedures to the staff and board? Where can you find out about new rules?
This session will help answer these questions and more. It will take a deep dive into the components of the BSA/AML rules, CIP documentation, CDD requirements, OFAC screening, CTR completion, maintaining information for the sale of monetary instruments and funds transfers, monitoring for and reporting suspicious activity, and much more! Tools and resources will be provided for managing your responsibilities and becoming a successful BSA/AML officer!
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, compliance officers, and internal auditors.
TAKE-AWAY TOOLKIT
- BSA policy checklist
- Accountholder risk review
- SAR narrative checklist
- CTR checklist
- Beneficial ownership calculator
- 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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Brode Consulting Services has been providing exceptional consulting services to community banks since 1998. Their consultants have extensive experience in the industry and understand the needs and challenges of community banks. Founder, Bill Brode, started in banking in 1973 and transitioned to consulting in 1989. He started his own consulting firm in 1998 to continue providing community banks with top-notch consulting services, including strategic planning, lending, compliance, and marketing. Brode Consulting Services is dedicated to exceeding client expectations and has worked with community banks and associations across the country.