Topics to be covered will help you master your BSA/AML responsibilities. Here are just a few we're planning on covering:

  • BSA brief overview of the players and the game (i.e. FinCEN/Treasury/Examiners and Money Laundering versus Terrorist Financing)
  • Know your customer, conducting CIP to meet the regulatory requirements 
  • How to select your BSA officer
  • Who is ultimately responsible for BSA compliance
  • Best practices for organizational BSA training
  • Internal controls and independent testing
  • How to conduct a BSA Risk Assessment across your organization
  • Reporting requirements - CTRs and SARs
  • Managing your transaction monitoring system
  • Sculpting the narrative, an in-depth session on drafting a SAR narrative 
  • Business accounts rules responsibilities                                               
  • Doing your due diligence on beneficial owners and business accounts
  • De-risking high risk accounts, how to monitor the accounts, and members        
  • Money service business accounts, unique risks, and responsibilities.
  • BSA liability, who is left holding the bag, your CU, the board or you
  • Red flags, how to detect, decipher and monitor.
  • Current enforcement actions, what are the regulators cracking down on?
  • The cybersecurity of BSA
  • How to mitigate shared branching BSA risk
  • Get to know your law enforcement before you have to
  • FinCEN update
  • NCBSO exam

Check back throughout the year as the sessions are finalized!