Aug 11, 2020
The next quarter CBC subject will discuss the issues regarding the BSA Suspicious Activity Report (SAR). We will discuss the requirements and the form in detail. We will include all of the latest completion instructions. Our primary focus for the day will be the “newer” issues surrounding the form - cyber event reporting, and your future decision making Marijuana / Cannabis / Marijuana Related Businesses. We will discuss their impacts on the form.
Although not yet legal in Wisconsin, banks need to consider the possibility of being asked to bank marijuana related businesses (MRBs), as it probably is only a matter of time before the legalization becomes a reality. We will discuss the decision process that needs to take place regarding these businesses, and the impact of these businesses may have on your bank, both operationally and for BSA.
While no longer illegal, we will also discuss issues that are important to review surrounding the propagation of hemp. As hemp farming expands, we need to be prepared to handle the issues that have impacts for the bank, both for compliance and safety and soundness.
These subjects were suggested by several CBC members when we requested potential topics for 2020.
See PDF Brochure for More Information
8:30 a.m. Registration & Continental Breakfast
9:00 a.m. Program Begins
12:00 p.m. Lunch (included)
1:00 p.m. Program Resumes
3:00 p.m. Program Adjourns
• Subjects as released by the CFPB and other federal agencies.
• The SAR – the latest instructions
• The impacts of Cyber Events on the SAR process
• The impacts of Marijuana and Cannabis business on the SAR process
• Management of Marijuana and Cannabis businesses and the unintended consequences for the bank
• Determining what kinds of Marijuana and Cannabis businesses to bank
• Issues that need to be considered regarding the propagation of hemp
Subjects for future seminars will be shaped by regulatory events as they unfold. The CBC quarterly compliance program remains committed to providing as much up-to-theminute information as possible. The program will closely monitor releases from the CFPB and other agencies to assure that you have the most up-to-date and accurate information possible.
The fourth quarter topic has not been determined.
Bill Elliott, CRCM, Senior Consultant and Manager of Compliance
Bill Elliott has over 40 years of banking experience. As a compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews for all areas of compliance, conducting in-house training, and writing compliance articles and training materials. During his career, Bill spent 15 years as a compliance officer and CRA officer in a large community bank, and also worked for a large regional bank. He has been a lender for consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.
WHO SHOULD ATTEND
BSA Officers, Compliance Officers and Auditors should attend this session. In addition, all personnel with management responsibilities within the bank will likely have some hard decisions regarding marijuana in the coming years, and a portion of this presentation will not tell you what to do, but will tell you what questions you will have to answer. Senior management, lenders, loan origination and deposit origination personnel will find
this portion of the presentation helpful.
$350 IBA Member
$180 Each Additional IBA Member
100% Surcharge is applied for Non-Members.
We're Going VIRTUAL ffor CBC III!
While we may not be able to get together "in person" for this event as originally planned given the circumstances, we know that education/training to stay current and be the best banker you can be is important. That's why we're committed to providing this session and we're taking it online via webinar technology. Same instructor with the same content, but you'll have the ability to join from wherever you're located from the convenience (and safety) of your computer.
We look forward to seeing you online! You will receive your manual 2-3 days in advance should you want to print this to have during training. At this time, you will also receive log in instructions. This is a completely LIVE virtual training where you will be able to ask questions directly to the speaker.
To avoid zoom fatigue, we are breaking this session into two half day sessions on August 11 from 9am-Noon and August 12 from 9am-Noon.
Elizabeth DeHaven, Education Coordinator
You will receive an e-mail confirmation at
Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. Within two days prior, 50% of the fee is assessed. Refunds are not provided for cancellations the day before or absences on the day of the program. Substitutions are welcome at