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Wednesday, December 16, 2020

Year-End BSA Issues: FAQ Guidance, Enforcement Actions & Red Flags

Start Date: 12/16/2020 1:00 PM MST
End Date: 12/16/2020 2:30 PM MST


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Year-End BSA Issues: FAQ Guidance, Enforcement Actions & Red Flags
1:00 pm – 2:30 pm MT

In the midst of the pandemic, did July 1, 2020, slip by unnoticed? That’s the day Reg CC changes became effective. Does your current policy and practice comply with the new regulation, dollar amounts, and hold changes? Get the info you need to comply before your next examination.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Comply with significant changes to the dollar amounts of holds on accountholder deposits
  • Understand the components of required accountholder notices
  • Calculate holds with new dollar amounts by using example situations, which can also be used for staff training
  • Ensure your policies and procedures accurately reflect recent changes
  • Audit your Reg CC process for the new changes before your next examination
  • Plan for future adjustments to Reg CC dollar amounts
BSA has been like the 2020 bouncy ball of compliance. BSA issues and challenges are everywhere, yet sometimes elusive and difficult to grasp – especially with the added pandemic disruptions. The changes have been rapid and more are coming. This is the perfect opportunity to get up to speed on BSA and effectively manage whatever is thrown at you.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Effectively manage your BSA/AML program in 2021 and identify key risks
  • Understand the impact of the April 2020 BSA/AML examination manual updates
  • Determine the effect of FinCEN’s guidance on the BSA program in a year of rapid change and emerging risks from the pandemic
  • Anticipate changes from FinCEN’s advanced notice of rulemaking on September 17, 2020, to “modernize” BSA/AML programs
  • Manage the key challenges of:
    • Elder financial exploitation
    • CIP and CDD options for opening accounts online
    • Enhanced due diligence
    • CBD and hemp issues
    • Beneficial ownership
    • Lessons learned in recent enforcement actions
WEBINAR DETAILS
The pandemic has forced financial institutions to adapt delivery services and open accounts online through virtual banking. However, identity theft and other financial crimes increase the need for enhanced due diligence and greater risk assessment. Attend this year-end session to develop a strategy for 2021. Key BSA challenges will be examined to identify requirements and risk areas, as well as offer practical guidance and solutions.
 
WHO SHOULD ATTEND?
This informative session is designed for staff who manage the BSA/AML program and train employees. It will benefit BSA officers and staff, senior management, security/risk managers, compliance officers, auditors, and legal counsel.
 
TAKE-AWAY TOOLKIT
  • Template for a CDD policy and procedures
  • SAR checklist to identify, monitor, and report suspicious activity based on BSA exam procedures and the risk assessment process
  • Sample BSA responsibility matrix, including SAR monitoring and CIP
  • Format for quarterly BSA/AML/OFAC reporting to the board
  • Employee training log
  • Interactive quiz
 DON’T MISS THIS RELATED WEBINAR!
Avoiding BSA Compliance Violations
on Tuesday, December 1, 2020

 
  MEET THE PRESENTER
Susan Costonis, Compliance Consulting and Training 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.


THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. Recorded Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above!