The BSA / AML / OFAC Compliance Officer is responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program, and for assuring that the bank is in compliance with the Bank Secrecy Act, USA Patriot Act, OFAC, and all other applicable laws.

Currency Transaction Reports and Bank Secrecy Act began in 1970. While the basic premise has remained the same, the amount of bureaus and regulations has reached staggering proportions. The BSA exam manual is now 442 pages. The Treasury Department has designated FinCEN, Financial Crimes Enforcement Network, to oversee the Bank Secrecy Act. Civil Monetary Penalties for non compliance from thousands to millions of dollars continue to make headlines. Willful disobedience can be blamed on the board of directors down to the compliance department.

The federal government requires all banks and credit unions to have a board designated Bank Secrecy Act Officer. FinCEN also requires the BSA Officer and team are well qualified and trained to carry out the duties of this important position. Employees at the financial institutions are required to have initial and ongoing training on money laundering and BSA. Many people choose to outsource employee training, but this course will teach the teachers how to teach. You will be recognized within the bank or credit union as the go to expert.

This interactive two day class prioritizes and focuses on the framework, education and tools needed to properly manage this department within a financial institution. Attendees will participate in case studies, discussions and real world scenarios that they can take back to their departments to implement regardless of their asset size.

Learning Objectives:

  • Learn how the five pillars of BSA need to be implemented with appropriate policies and procedures to effectively manage compliance within the laws.
  • Learn about the latest updates to CDD Rules on beneficial owners
  • Learn different agendas to train the board of directors, lenders, loan processors, customer service, tellers and other front-line staff.
  • Learn about monitoring for and completing currency transaction reports.
  • Learn about monitoring for and completing suspicious activity reports.
  • Learn how to bank money service businesses that they and your bank will appreciate.
  • Learn how the roles of FinCEN, OFAC and the USA Patriot Act impact your institution.
  • Learn how to think like a crook so you develop that "gut feeling".

In-Person Seminar going Virtual with increased learner satisfaction.

Yes, attend this seminar from anywhere. We are making it real and more interactive – Here's a sneak peek:

Our enhanced delivery process and technology provides you an immersive experience and will allow you to access:

  • The real-time and live presentation as in in-person events
  • Private chat for company-specific conversation – the same as you would get in an in-person seminar
  • Opportunities to connect with your peers to share knowledge at a different time and have group discussions
  • Live workshop activities
  • Live Q&A during the event and offline Q&A assistance after the event
  • As usual more content, activities and case studies and now adding homework for a comprehensive understanding
  • Certification

Areas Covered in the Seminar:

  • 5 Pillars of BSA/AML Program
  • Board Training and Job Specific Training
  • Case Studies
  • New faces of Money Laundering
  • Currency Transaction Reports
  • Suspicious Activity Reports
  • Money Service Businesses
  • FinCEN
  • OFAC
  • USA Patriot Act
  • Beneficial Owners and Updated Customer Identification Program
  • Risk Based Procedures and Customer Due Diligence
  • Enhanced Due Diligence

Who will Benefit:

  • Bank Compliance Officers and Assistants
  • Bank Secrecy Act Officers and Assistants
  • Bank Secrecy Act Analysts
  • Credit Union Compliance Officers
  • Internal Auditors
  • Staff with BSA/AML oversight responsibilities
  • Risk Managers
Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure
Day 01(7:00 AM - 01:00 PM PST)
  • Program outline. Why BSA? How did it get started? How to operate it?
  • How to take notes
    • Items to study
    • Need action plan to implement
    • Need to update policy or procedure
  • Pillars of BSA/AML Program
    • System of internal controls to monitor compliance
      • Currency Transaction Reports
      • Monetary Instrument Logs
      • Wire Transfers
      • Paypal and other virtual or digital currency
    • Independent testing
    • Board designated BSA Officer/staff
    • Training for staff - How to train your board and employees
  • Board Training
  • Job Specific Training
  • Front Line Training
  • Morning wrap up. Case Study
  • Currency Transactions
    • Aggregating Large Currency Transactions
    • The New “BSA – CTR”Electronic Form
    • CTR Exemptions
    • Monetary Instrument Logs
  • CTR Case Studies
  • Suspicious Transactions
    • Detecting
    • Investigating ( Including proper use of the 314b Voluntary Sharing to make your investigations more effective)
    • Reporting – The New “BSA-SAR” Electronic Form
  • SARS by the numbers
  • Money Service Businesses
  • Day 1 review. Case Study. How would you launder money?
Day 02(7:00 AM - 12:00 PM PST)
  • Day one review
  • The role of FinCEN
  • The role of OFAC
  • USA Patriot Act
  • 314A scans and other watch lists
  • Discuss current exams
  • Risk Assessment
    • Tailoring to the Financial Institution
    • Risk Rating of Customers
  • Morning Wrap Up. Questions
  • CIP (Customer Identification Program)
  • CDD (Customer Due Diligence)
  • EDD (Enhanced Due Diligence)
  • BSA tools and software
  • BSA for Tellers: Detecting Suspicious Activities
  • Case Studies, Questions, Wrap up.
Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure
Doug Keipper

Doug Keipper
Certified Anti-Money Laundering Specialist, Leading Bank
Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a former Bank Secrecy Act officer and compliance officer for an $800 Million commercial bank in Atlanta before it sold twice in one year. Doug sold BSA software for eight years and has taught anti-money laundering classes since 2008 throughout the southeast and online. He has talked with over 500 BSA officers throughout the USA and Caribbean. He has spent over 20 years in retail banking, wholesale mortgages and financial services
Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure

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November 10-11, 2021, Virtual Seminar
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(Registrations after September 30, 2021 - $1699)

$6,525.00

Group-Max. 10 Attendees

November 10-11, 2021, Virtual Seminar
(Registrations till September 30, 2021 - $6525)
(Registrations after September 30, 2021 - $9865)



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