Webinar: BSA Risks in 2024: What's New & in the News?
January 18, 2024 3:00 pm 4:00 pm
This fast-paced 60-minute session will prepare you for the BSA risks and challenges 2024 will bring.
With current information garnered from a variety of resources, you’ll get the important highlights of regulatory changes, enforcement actions, and examiner expectations.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand how global financial crimes and terrorist activity may impact your financial institution
- Use FinCEN advisories and guidance to effectively update risk assessments
- Identify action steps to update BSA/AML compliance in 2024
- Recognize suspicious activity regarding elder financial exploitation, rampant check fraud, and human trafficking
- Develop an effective program for the challenges of banking or restricting cannabis-related businesses
WEBINAR DETAILS
Compliance with BSA regulations and maintaining an effective AML (anti-money laundering) program continue to be areas of intense focus. Growing global conflicts concentrate attention on detecting terrorist financing and following numerous OFAC sanctions. Additionally, six important sections of the BSA exam manual were updated in 2023. Other “hot spots” include digital currency and cybersecurity breaches. Lessons learned from BSA enforcement actions will be highlighted, as well as current examiner expectations for an effective BSA/AML program.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers and staff, compliance officers, fraud/risk managers, auditors, and all staff involved in maintaining a successful BSA/AML program.
TAKE-AWAY TOOLKIT
- Template for a 2024 BSA/AML plan
- Important FinCEN resources
- 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: Susan Costonis, Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.