ComplianceOnline

"AML/BSA Boot Camp" - This course is approved by NASBA (National Association of State Boards of Accountancy). Seminar attendees are eligible for 16.5 CPE credits upon completion of this workshop.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.

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 four pillars of BSA need to be implemented with appropriate policies and procedures to effectively manage compliance within the laws.
  • 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".
Seminar Fee Includes:
Lunch
AM-PM Tea/Coffee
Seminar Material
USB with seminar presentation
Hard copy of presentation
Attendance Certificate
$100 Gift Cert for next seminar

Areas Covered in the Seminar:

  • 4 Pillars of BSA/AML Program
  • Board Training and Job Specific Training
  • Case Studies
  • Currency Transaction Reports
  • Suspicious Activity Reports
  • Money Service Businesses
  • FinCEN
  • OFAC
  • USA Patriot Act
  • Customer Identification Program
  • 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

Field of Study:

  • Auditing: 2.4 CPE Credits
  • Business Management & Organization: 4.8 CPE Credits
  • Regulatory Ethics: 9.3 CPE Credits
  • Total CPE credits earned in this workshop: 16.5 CPE Credits

Program Delivery Method: Group-Live
Program Level: Intermediate
Advance Preparation/Program Prerequisites: None

Register by phone or need assistance? Call +1-888-717-2436 Register Now Download Brochure
Day 01(8:30 AM - 5:00 PM)
  • Registration Process: 8:30 AM – 9:00 AM
  • Session Start Time: 9:00 AM
  • 9:00 - Program outline. Why BSA? How did it get started? How to operate it?
  • 9:15 - How to take notes
    • Items to study
    • Need action plan to implement
    • Need to update policy or procedure
  • 9:30 - 4 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
  • 10:30 - Break
  • 10:45 - Board Training
  • 11:00 - Job Specific Training
  • 11:15 - Front Line Training
  • 11:45 - Morning wrap up. Case Study
  • 12:00 - Lunch
  • 1:00 - Currency Transactions
    • Aggregating Large Currency Transactions
    • The New “BSA – CTR”Electronic Form
    • CTR Exemptions
    • Monetary Instrument Logs
  • 2:00 CTR Case Studies
  • 2:15 Break
  • 2:30 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
  • 3:30 - SARS by the numbers
  • 3:45 - Break
  • 4:00 - Money Service Businesses
  • 4:30 - Day 1 review. Case Study. How would you launder money?
  • 5:00 - Dismiss
Day 02(9:00 AM - 4:30 PM)
  • 9:00 - Day one review
  • 9:15 - The role of FinCEN
  • 9:30 - The role of OFAC
  • 9:45 - USA Patriot Act
  • 10:00 - 314A scans and other watch lists
  • 10:15 - Discuss current exams
  • 10:30 - Break
  • 10:45 - Risk Assessment
    • Tailoring to the Financial Institution
    • Risk Rating of Customers
  • 11:45 - Morning Wrap Up. Questions
  • 12:00 - Lunch
  • 1:00 - CIP (Customer Identification Program)
  • 1:30 - CDD (Customer Due Diligence)
  • 2:00 - EDD (Enhanced Due Diligence)
  • 2:30 - Break
  • 3:00 - BSA tools and software
  • 3:30 - BSA for Tellers: Detecting Suspicious Activities
  • 4:00 - Case Studies, Questions, Wrap up.
  • 4:30 - Dismiss
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Armen Khachadourian

Armen Khachadourian
President and Founder, Digital Payments LLC

Armen Khachadourian is the founder and president of Digital Payments Inc, a consulting firm providing advisory services in the areas of merchant processing, ISO/MSP formation, merchant portfolio and acquiring acquisitions, prepaid and alternative payment products including decoupled debit. As a trusted partner with vision to understand his client’s future business he has helped design and evaluate several new products and services in today's changing marketplace, such as: development of connectivity products for payment cards; digitization of electronic benefit transfer and means tested programs; merchant card acceptance and capital funding solutions; cross border money transfer and bill payment services; BSA/AML best practices and guidelines; and, alternative payment products and services, prepaid and gift.

Mr. Khachadourian has also served in executive positions at several top ten financial institutions and helped them maximize growth and revenues in today’s challenging electronic payments marketplace. As a vice president of JPMorgan Chase’s Prepaid Product in Treasury Services, he was responsible for designing and launching prepaid cards in the EU market. As a senior vice president at Visa USA, he expanded card acceptance to new markets such as supermarkets, recurring payments, quick service restaurants and federal government agencies. His expertise in card products extends to issuance of credit, debit, prepaid and commercial cards.

Mr. Khachadourian earned a bachelor’s degree in mathematics and a master’s degree in computer science from the San Jose State University in California. He authored the “Basics of Data Communications” textbook and lectured at College of San Mateo, CA. He was awarded an honorary teaching credential by the State of California. Mr. Khachadourian is a member of the United States National Masters team; he has represented United States at four world championships. He is an accomplished marathon runner and tri-athlete, having completed in seven Ironman competitions.

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$999.00

Seminar One Registration

June 7-8, 2018, New York, NY
(For Registrations till April 25, 2018 - $999)
(For Registrations after April 25, 2018 - $1299)

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June 7-8, 2018, New York, NY
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Palo Alto, CA 94303
USA

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Your registration for the seminar is subject to following terms and conditions. If you need any clarification before registering for this seminar please call us @ +1-888-717-2436 or email us @ customercare@complianceonline.com

Payment:
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to MetricStream Inc. (our parent company).

Cancellations and substitutions:
Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund - less a $300 administration fee. No cancellations will be accepted - nor refunds issued - within 10 calendar days before the start date of the event.

On request by email or fax (before the seminar) a credit for the amount paid minus administration fees ($300) will be transferred to any future ComplianceOnline event and a credit note will be issued.

Substitutions may be made at any time. No-shows will be charged the full amount.

We discourage onsite registrations, however if you wish to register onsite, payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available, we will send the material after the conference is over.

In the event ComplianceOnline cancels the seminar, ComplianceOnline is not responsible for any airfare, hotel, other costs or losses incurred by registrants. Some topics and speakers may be subject to change without notice.

Attendance confirmation and documents to carry to the seminar venue:
After we receive the payment from the registered attendee, an electronic event pass will be sent to the email address associated with the registrant 5 working days before the seminar date. Please bring the pass to the venue of the event.

Conference photograph / video:
By registering and attending ComplianceOnline conference, you agree to have your photographs or videos taken at the conference venue and you do not have any objections to ComplianceOnline using these photos and videos for marketing, archiving or any other conference related activities. You agree to release ComplianceOnline from any kind of claims arising out of copyright or privacy violations.

Location:

New York, NY
(Venue to be announced shortly)

June 7-8, 2018

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We are pleased to offer several exhibitor, sponsorship and media partnership options designed to maximize your company's exposure and networking opportunities before, during and after the event.

Benefits of becoming a Sponsor/Exhibitor/Media Partner:

  • Logo on website, marketing email, branding materials & the registration booth
  • Exhibit Space
  • Free event pass
  • Speaking opportunity
  • Social media campaign

For more details and other sponsorship options at this event, please contact Event Manager: customercare@complianceonline.com or call: +1-650-238-9656

Media Partner:

Media Partner

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Local Attractions of New York, NY

Statue of Liberty

Statue of Liberty

A short boat trip brings you from Manhattan to the Statue of Liberty, a gift from France for the centennial of America's Independence which now symbolizes the USA and New York in particular.

Brooklyn Bridge

Brooklyn Bridge

The Brooklyn Bridge, built between 1869 and 1883, connects Brooklyn with Manhattan. The bridge is one of the most magnificent landmarks in all of New York City.

Bryant Park

Bryant Park

Bryant Park is a small but pleasant park located next to the NY Public Library and surrounded by interesting architecture such as the historic Bryant Park Hotel and the modern Bank of America Building.

Central Park

Central Park

Central Park was the first large city park in the United States. The design by Olmsted and Vaux has been copied all over the world. Originally situated in a sparsely populated area, the park is now surrounded by highrises.

Coney Island

Coney Island

Coney Island is a seaside resort in Brooklyn famous for its historic Ferris Wheel and roller coaster, the Cyclone. Long past its heyday, it is still a popular tourist attraction.

Ellis Island

Ellis Island

Now home to the immigration museum, Ellis Island was the immigrant gateway to America. More than 12 million people arrived here on the way to their new life in a new country.

Grand Army Plaza

Grand Army Plaza

Not as famous as its Brooklyn namesake, this plaza sits at the edge of Central Park. The square features a large gilded statue of general William Sherman as well as the Pulitzer fountain.

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