BSA Conference

Navigating the Complexities of the Bank Secrecy Act and Other Anti-Money Laundering Rules and Regulations

Join us for an insightful conference designed to explore the intricate landscape of the Bank Secrecy Act (BSA) and its vital importance in safeguarding financial institutions against illicit activities. Our comprehensive agenda covers the hottest topics, crucial compliance strategies, recent enforcement actions, and examiner expectations, ensuring that you stay ahead in the dynamic realm of regulatory compliance.

Date: May 23, 2024
Time: 9:00 am – 4:00 pm | A light breakfast and lunch will be included. Please reach out to Jordan Inkley if you have any allergies or dietary restrictions.
Fee: $239.00 | $179.00 CUs Under $50 Million
Location: CU Service Center | 2 Ledgeview Drive, Westbrook
Speaker: Kristen Tatlock

Agenda

BSA Hot Topics
Stay abreast of the latest developments and emerging trends shaping the BSA landscape.

Completing SARs and CTRs – Getting It Right
Learn the nuances of accurately completing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs). Understand the critical components, reporting thresholds, the importance of strong SAR narratives, and best practices to ensure compliance while efficiently managing reporting requirements.

OFAC Compliance
Navigate the complexities of Office of Foreign Assets Control (OFAC) regulations with confidence. Gain insights into effective screening processes, risk assessment methodologies, and proactive measures to mitigate sanctions-related risks.

Examiner Expectations and Focus
Understand what regulators look for during BSA examinations, common areas of scrutiny, and proactive strategies to prepare your credit union for regulatory scrutiny effectively.

Recent Enforcement Actions – Learn from the Mistakes of Others
Examine real-world case studies of recent enforcement actions and compliance failures. Analyze the root causes, regulatory implications, and lessons learned from these incidents, enabling you to fortify your credit union’s compliance framework and avoid similar pitfalls.

BSA/AML/OFAC Best Practices
Discover proven best practices for enhancing BSA compliance and risk management. From customer due diligence to transaction monitoring, explore strategies for implementing robust controls, fostering a culture of compliance, and staying resilient in the face of evolving regulatory requirements.

Whether you’re a compliance officer, risk manager, or financial institution executive, this conference equips you with the knowledge, tools, and strategies to navigate the intricate BSA/AML/OFAC compliance maze effectively.

CLASS DISCLAIMER AND CANCELLATION FEE:
Any cancellation made less than one week in advance will result in a cancellation fee. The amount of the fee will be equal to 50% of the class/training fee. If this training does not secure enough registered attendees, we may have to make the decision to change the date, move an in-person training to a virtual one, or cancel the class. We will do our best to make you aware of that with enough notice.