Sep 24, 2024 to Sep 25, 2024
Did you know that in Quarter 1 of 2024 there were six BSA/AML enforcement Actions by the FDIC and OCC? And, in 2023 and to date, there have been 28 BSA-related Enforcement Actions impacting financial institutions with asset sizes from $80 Million to over $800 Billion? With the regulatory agencies committing to more focused BSA/AML examinations, it is critical to ensure your BSA/AML/CFT program is not only appropriate for your bank's risk exposure but also proactively staying current with emerging developments, threats and trends.
To meet the ongoing regulatory requirements Indiana Bankers Association is pleased to offer its
Anti-Money Laundering / Countering The Financing Of Terrorism (AML/CFT) Compliance School
This two-day program focuses on the current changing BSA, AML/CFT compliance arena and offers tools to manage an “adequate” and “an effective and reasonably designed” BSA program to meet the regulatory expectations.
In addition, this program also assists financial institutions in meeting the annual training requirements by the BSA regulations.
Attendees receive a Training Manual as well as a Resource Toolkit packed with “takeaway tools and resources.” This in-person and virtual live event provides opportunities to network with peers, regulators, and industry experts on current challenges and trends.
The dates of the Advanced AML/CFT Compliance School will be September 24-25, 2024. Registration will be at 8:30 a.m. on Wednesday. Class will begin on both Day 1 & Day 2 at 9:00 a.m. and end at 4:00 p.m.
When updating and reviewing your BSA/AML Compliance Program, what are the current emerging trends to consider? During this opening section we will review the key emerging trends and provide a checklist assessment of attendee’s current BSA, AML/CFT Compliance Program.
What is the status of the BSA Reform Priorities set forth in the National Defense Authorization Act? As importantly, what is a financial institution’s expectations to begin incorporating the Priorities into the BSA Compliance Program?
Now, more than ever, consent orders are more specific and detailed providing a roadmap for corrective action. Why? It appears that regulators are attempting to send a strong message to banks of all sizes and business models that compliance with BSA/AML rules is not optional.
This session highlights hot topics, examination trends, supervisory priorities and expectations, and best practices. Representatives from each of the federal and state regulatory agencies will present a review of their agencies’ current philosophies and practices. Come and hear what the potential focal points of your next on-site examination will be.
Is your BSA, AML/CFT Risk Assessment still Appendix J of the FFIEC Manual or Is it an excel spreadsheet? The enhanced focus on using risk assessments to increase AML program effectiveness is consistent with federal and state regulatory priorities.
So much information overload!?! This session will narrow the recent FinCEN Communications and provide key “MUSTs” for implementation.
Our lead instructor is Dianne Barton. Dianne is President of Performance Solutions, Inc. (PSI), a training and consulting company that specializes in providing solutions to the key challenges facing banks today in attracting and building profitable relationships with their customers. She has led the company’s training and consulting services for over 35 years. Her training and consulting expertise in leadership development, regulatory compliance, retail growth strategies, strategic planning, and sales and service culture implementations is recognized as providing “real world solutions” by banks of all sizes.
Regulatory Panelist Invited:
Federal Deposit Insurance Corporation
Office of Comptroller of the Currency
Federal Reserve
FINCEN
Other guest speakers to be named at a later date!
Does your bank have a BSA/AML Model Risk Management as outlined in the April 9, 2021 guidance issued by the federal banking agencies, in consultation with FinCEN, Interagency Statement on Model Risk Management for Bank Systems Supporting BSA/AML Compliance?
This session will focus on the “management” of the BSA/AML Risk Model, the potential red flags of an ineffective program as well as best practices for ongoing development of an effective program.
Time to review, refresh, and refocus your BSA/AML/CFT Compliance Program!
As banks have increasingly relied on third parties, regulatory expectations have correspondingly heightened. In 2023 and 2024, regulatory guidance was issued regarding third party risks. Where and how does that involve BSA/AML? During this session, we will review the guidances and consider the types of risks and due diligence that should be considered prior to onboarding third-party relationships.
FATF is the most important watchdog to deter jurisdictions that may allow money laundering, terrorist financing, and other illicit and corrupt activity in their countries. The latest OFAC updates, how our changing world impacts regulations, and best practices for maintaining OFAC compliance will be discussed.
According to the FinCEN SAR statistics, of the 4.9 million SARs filed in 2023, 2.2 million were related to fraud. So how do you know when to file a SAR on fraud and when not to file a SAR? During this session, we will concentrate on best practices for enhancing your SAR filing process.
IBA Members
$595 first registrant
$495 for each additional registrant
Participation in IBA programs is limited to members, associate members, and nonmembers from an eligible membership category at applicable member or non-member rates. Surcharge of 100% for Non-Members.
Fees include, casebook, study materials, continental breakfast, lunch and refreshment breaks each day.
Who Should Attend: BSA/AML Officers and Team Members, Auditors, Fraud Team Members, and anyone responsible for BSA, AML, CFT with a working knowledge of BSA. (The BSA Fundamental Workshop is designed for bankers needing to learn the basic principles scheduled for March 4-5, 2025.
The Advanced AML/CFT Compliance School will be held at the IBA Center for Professional Development, 8425 Woodfield Crossing Blvd. Suite 155E, Indianapolis, IN 46240.
For additional information please contact:
Laurie Rees, Vice President, Education & Training
LRees@indiana.bank
Elizabeth DeHaven, Education Manager
edehaven@indiana.bank
AyZha Hazelwood, Education Coordinator
ahazelwood@indiana.bank
IBA Education & Training Department - 317-387-9380
Any applicant withdrawing from the School prior to September 10, 2024 will receive a refund minus a $70 cancellation fee. Any applicant canceling after September 10, 2024 or failing to appear at the school will forfeit the entire registration fee. Extenuating circumstances will be considered on an individual basis by the IBA Board of Education. Requests for refunds due to extenuating circumstances should be submitted in writing.