This program is designed to enhance the skills of your Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) officers and support staff, your independent audit team, and any personnel responsible for managing and maintaining a strong BSA and AML program. Expand your staff's understanding and expertise in some of the most critical skills they will ever possess – skills that can protect your profits in these very challenging times of tight margins and sustained high expectations! Exam findings indicate we need to strengthen our compliance management program!

Topics include:

• BSA/AML Regulatory Program Expectations 
• Foundational Pillars of BSA Compliance Programs 
• Continuing Risk Assessment Expectations

• High-Risk Products and Services 
• High-Risk Geographies

• The Anti-Money Laundering Act of 2020 (AML Act) Ongoing Implementation

• Expanded Scope of the Bank Secrecy Act
• Changes to BSA/AML/CFT Program Requirements
• Enforcement Priorities, New Crimes, and New Penalties
• New AML Whistleblower Regime
• Technology Focus
• Safe Harbors

• Customer Identification Program (CIP) 
• Customer Due Diligence (CDD) 
• Commercial Customer Due Diligence, Enhanced Due Diligence 
• Beneficial Ownership Rules 
• Currency Transaction Reports (CTR) and CTR Exemptions 
• CTR Tips and Tools 
• Phase I and Phase II Exemption Rules 
• Suspicious Activity Reporting (SAR) 
• Robust SAR Program Guidelines 
• Critical Components for an Effective Monitoring and Reporting Program 
• Address your Narratives to Gain Prompt Attention from Law Enforcement 
• Office of Foreign Asset Control (OFAC) Program 
• Screening Responsibilities and Match Resolution 
• HIDTA, HIFCA, PEPs, FBI Most Wanted, Countries of Concern and other Watch Lists 
• Hot Spots to Watch For, Including Recent Enforcement Actions 
• BSA Training for Everyone 

• Customized Training 
• Specific Training for Employees: New Hires and New Jobs 

• Regulatory Panel Discussion: Exam Hot Button Issues

Guest speaker: Carmen Million to present on Elder Fraud and Abuse

• Cannabis Banking 
• Money Laundering and Terrorist Financing Trends 
• Core Money Laundering Indicators 
• Effectively Fighting Fraud, Money Laundering and Terrorist Financing 
• National Money Laundering Threat Assessment and Industry Trends 
• Risk Assessment, to include Inherent Risk and Residual Risk 
• High Risk Areas of Concern 
• FinCEN’s Recent SAR and New Trends in Money Laundering 
• Environmental Crimes and Related Financial Activity
• Human Trafficking and Human Smuggling 
• Cybersecurity Incidence Guidance 
• Electronic Payment Methods 
• Crypto-Currency Assets
• Terrorist Financing Methods 
• Suspicious Activity Report (SAR) Case Studies 
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