ComplianceOnline

BSA Compliance and Prepaid Cards

Instructor: Gina Lowdermilk
Product ID: 703093
  • Duration: 60 Min

recorded version

$249.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

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Fax: +1-650-963-2556

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Read Frequently Asked Questions

This Bank Secrecy Act compliance training will highlight the areas that regulators and examiners are primarily focusing on with regard to BSA and prepaid cards.

Why Should You Attend:

Although financial institutions have been managing BSA operations per the regulatory requirements, they can be uncertain about how to apply Bank Secrecy Act requirements to their prepaid card products and services. Regulators look to the bank for assurance and evidence that BSA efforts are appropriately implemented and overseen with respect to prepaid card products and services.

“BSA Compliance and Prepaid Cards” highlights BSA compliance practices that are being acknowledged and recognized by regulators and examiners regarding prepaid cards. The areas of focus outlined in this webinar are based on best industry practices, supervisory experience and cover the major components of an effective BSA program with regard to prepaid cards. The instructor will look at the prepaid card areas and the specifics of each area as it pertains to BSA compliance.

Areas Covered in the Webinar:

  • Implementing BSA compliance with prepaid cards
  • Assessing policies and procedures
  • Comprehensive Risk Assessment
  • Review of monitoring programs
  • Determining effectiveness and thoroughness of training programs
  • Ensuring qualified employee oversight of daily BSA operations
  • Independent testing

Who Will Benefit:

  • BSA / AML Officers
  • Internal Auditors
  • Staff with roles and responsibilities in BSA / AML management and oversight
  • Prepaid Officers and staff
  • Corporate Audit
Instructor Profile:
Gina Lowdermilk

Gina Lowdermilk
BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.

Topic Background:

Financial institutions are required to be compliant with BSA rules and regulations. Such compliance needs to be well documented and consistent to ensure financial institutions avoid BSA violations and implications. However, financial institutions often times are uncertain on applying these regulations to their prepaid card products and services. Financial institutions’ BSA Programs must have adequate policies and procedures, comprehensive risk assessments, monitoring programs, training programs, qualified employees overseeing the BSA daily operations and independent testing programs with their prepaid cards. Having a strong BSA program which included prepaid cards will ensure that financial institutions are proactive in preventing BSA violations occurring and implementing corrective action for BSA issues or implications that may be identified in the BSA program.

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