Apr 11, 2024
The frontline is the first line of defense in mitigating BSA/AML risks for your financial institution. The requirements of the Bank Secrecy Act impact every transaction and every new account. Therefore, it’s crucial that you receive tailored initial and annual training on BSA/AML requirements and fully understand your day-to-day BSA responsibilities.
This session will detail BSA/AML rule components, including red flags for money laundering, CIP documentation, CDD rules, OFAC screening, CTR completion, maintaining information for the sale of monetary instruments, and much more! In addition, it will review red flags for the most prevalent types of fraud impacting accountholders and institutions and how to protect both from loss. Join this jam-packed session which includes a reference manual and tools to help comply with the many requirements of the Bank Secrecy Act.
Thursday April 11th, 2024
11:00am - 12:00pm EST
TAKE-AWAY TOOLKIT
CTR completion checklist
Sample suspicious incident report
Red flags for EFE, MRBs, and human trafficking
Beneficial ownership calculator
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
Understand your responsibilities under each of the five BSA pillars
Identify and document key details of potentially suspicious activity
Gather information required to meet customer due diligence (CDD) requirements
Apply provided best practices to accurately complete the currency transaction report (CTR)
Discover red flags for hot-button, high-risk activities, including elder financial exploitation, cannabis-related businesses, human trafficking, check fraud, and cryptocurrency
Detail the penalties for noncompliance
Who Should Attend
This informative session is directed to loan processors, loan officers, loan clerical staff, staff responsible for escrow or flood insurance calculation or maintenance, auditors, and compliance personnel. This webinar will also help you answer borrowers’ questions at closing.
Dawn Kincaid
BRODE CONSULTING SERVICES INC
Live $255
On-Demand $255
Live + On-Demand $375
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380