Our Virtual BSA/AML Schools are back for the third consecutive year!
These schools are designed for Banks and Credit Unions, the novice and advanced alike, and will continue to be a three-day event.
Day one, covers the basics and will show how to conduct transaction monitoring, CTRs and SARs Step-by-Step, 314(a), 314(b), and OFAC requirements.
Our second and third days move into more advanced topics. On day two we’ll be covering how the art markets, real estate sector, and trade finance contribute to global money laundering and terrorist financing, lessons learned from consent orders, effective partnerships with law enforcement, retail crime, the Russian invasion of Ukraine, and more. On day three we’ll be covering FinCEN’s priorities, corruption and PEPs, domestic and international terrorist financing, proliferation financing, drug trafficking, human trafficking, elder abuse, and more.
Attendees will be provided with specific tools and resources that assist in setting up and an enhancing their BSA program. In addition to the tools and resources, attendees will also be given a SAR guidance filing summary sheet and approximately 200 slides of material per day!
You can join us for one, two, or all three days of our Virtual BSA/AML School. Discount pricing is available for those attending two or three days.
Our AML-ology Mentor Members will receive special pricing and must log in to take advantage of this discount!
Each day is eligible for 6 non-ACAMS credits. All attendees will receive a certificate to submit to ACAMS upon completion of the school.
SAVE THE DATES!
October 17th – 19th, 2023
Jade Lohr, FRAML Department Assistant Manager Washington Trust BankMyself as well as several of my team members attended the BSA Virtual School. We found the curriculum to be very beneficial. We were impressed with the wide range of topics covered and found the degree in which the content was covered provided the attendees with a broad understanding of BSA. We appreciated the use of real life examples as well as the engaging atmosphere. We had great dialogue as a group and found value in having a platform to interact and ask questions. I really appreciated hearing feedback from my team members that the school provided them with an understanding of the BSA processes they perform and empowered them to perform those processes more efficiently. As a seasoned BSA professional, I found the school to be a great refresher and was excited to see some content based on current trends and legislation. I highly recommend this school for BSA professionals at all skill levels.
Annilyn Goode, Compliance Manager Loyal Trust BankI highly recommend this course to anyone who is new to B.S.A. and to those who desire a stronger grasp of proper B.S.A. processes and procedures. This course provides each participant with a solid understanding of what is necessary for their organization to have a successful B.S.A. Program. Nancy is an awesome instructor! She is extremely knowledgeable and communicates course material effectively. She challenges your knowledge and understanding of the course material.
Tue, October 17, 2023 9:00 AM - 4:30 PM EST
This session is designed for the new BSA personnel or those wanting a refresher on the basics. We will cover an overview of the BSA, what drives your program and what to include in your program. The morning will cover 314(a), 314(b), Customer Identification Program (CIP) basics, CTRs Step-by-Step and Monetary Instrument/Funds Transfers requirements.
In the afternoon session, we will cover the basics of monitoring, software/data overview and conducting customer reviews. We will also cover SARs Step-by-Step and conclude the day with an overview of the OFAC requirements.
Attendees will be given tools to assist in setting up a solid BSA program.
| 9:00 am – 9:30 am | Introduction to BSA |
| 9:30 am – 9:45 am | 314(a) and 314(b) |
| 9:45 am – 10:30 am | CIP (Customer Identification Program) Basics |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:45 am | CTRs Step-by-Step |
| 11:45 am– 12:00 pm | Monetary Instruments/Funds Transfers |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:15 pm | Monitoring Basics & Software/Data Overview |
| 2:15 pm – 2:30 pm | Break |
| 2:30 pm – 2:45 pm | Conducting Customer Reviews |
| 2:45 pm – 3:45 pm | SARs Step-by-Step |
| 3:45 pm – 4:30 pm | Overview of OFAC |
Wed, October 18, 2023 9:00 AM - 4:30 PM EST
We will begin the day with a focus on ML/TF via various markets such as real estate, high-value art, and luxury goods. We will delve into the Corporate Transparency Act and discuss the latest in the beneficial ownership requirements. We will then cover lessons learned from consent orders that will help you strengthen your BSA program.
The afternoon will focus on robust transaction monitoring and what investigators need to consider. We will then discuss how to develop beneficial partnerships with LE and writing effective SARs. We will also cover Recent News of Importance, and Organized Retail Crime and how that applies to your program. We will conclude the day with a discussion of OFAC and program considerations to protect your institution.
Attendees will be given a variety of resources to enhance their BSA program.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the schedule accordingly. The topics will remain the same.
| 9:00 am – 9:15 am | Introduction |
| 9:15 am – 10:00 am | Overview of ML and TF and ML via High-Value Art Market, Real Estate Sector, and Luxury Markets |
| 10:00 am – 10:15 am | Beneficial Ownership Including Shell/Shelf Companies/Pandora Papers |
| 10:15 am – 10:30 am | Break |
| 10:30 am– 11:00 am | FinCEN’s NPRM on Beneficial Ownership Reporting |
| 11:00 am– 12:00 pm | Lessons Learned from BSA/OFAC Consent Orders |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 1:15 pm | Alert Disposition and Source of Funds/Wealth and Negative News Searches |
| 1:15 pm – 1:45 pm | Effective Partnerships with LE including effective SAR writing, subpoenas, and National Security Letters |
| 1:45 pm – 2:00 pm | Break |
| 2:00 pm – 2:30 pm | Recent News of Importance |
| 2:30 pm – 3:00 pm | Organized Retail Crime to Transnational Criminal Organizations |
| 3:00 pm – 4:30 pm | OFAC, FinCEN Alert on Russian Oligarchs, and FinCEN/BIS Advisory on Export Control Evasion |
Thu, October 19, 2023 9:00 AM - 4:30 PM EST
The focus of Day 3 is the FinCEN Priorities. We will begin the day with the overview of the priorities and then delve into each one and see how they all overlap. The morning topics will cover Corruption including a PEP discussion, Domestic and International Terrorist Financing as well as Proliferation Financing. We will conclude the morning with Human Smuggling, Human Trafficking, and Sexual Servitude.
The afternoon will begin with various types of trafficking including labor and wildlife trafficking. We will also discuss Elder Abuse tied with trafficking and Elder Financial Exploitation. We will give some recent concerns with Fraud, Cyber and Cyber Crimes, as well as Virtual Currencies and Central Bank Digital Currencies. We will only briefly touch on Cannabis and some other drugs that have been making the news throughout 2022.
Attendees will be given a variety of resources to enhance their BSA program.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the schedule accordingly. The topics will remain the same.
| 9:00 am – 9:30 am | Introduction and Overview of FinCEN’s AML/CFT Priorities |
| 9:30 am – 10:00 am | Corruption/PEPs |
| 10:00 am – 10:30 am | Domestic & International Terrorist Financing |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:10 am | Proliferation Financing |
| 11:10 am – 11:25 am | Drug Trafficking |
| 11:25 am – 12:00 pm | Smuggling (Via FinCEN’s Smuggling Alert), Trafficking Overview & Sexual Servitude |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:00 pm | Labor Trafficking, & Wildlife Trafficking tied to TCOs (Transnational Criminal Organizations) |
| 2:00 pm – 2:15 pm | Break |
| 2:15 pm – 2:30 pm | Elder Abuse and how it is tied to Human Trafficking and Elder Financial Exploitation |
| 2:30 pm – 3:20 pm | Fraud & Cyber/Cyber Crime |
| 3:20 pm – 4:15 pm | Virtual Currency and Central Bank Digital Currencies (CBDCs) monitoring) |
| 4:15 pm – 4:30 pm | Cannabis & Other Concerns |
Tue, September 19, 2022 9:00 AM - 4:30 PM EST
This session is designed for the new BSA personnel or those wanting a refresher on the basics. We will cover an overview of the BSA, what drives your program and what to include in your program. The morning will cover 314(a), 314(b), Customer Identification Program (CIP) basics, CTRs Step-by-Step and Monetary Instrument/Funds Transfers requirements.
In the afternoon session, we will cover the basics of monitoring, software/data overview and conducting customer reviews. We will also cover SARs Step-by-Step and conclude the day with an overview of the OFAC requirements.
Attendees will be given tools to assist in setting up a solid BSA program.
All attendees will receive 6 CAMS Credits for attending.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 9:30 am | Introduction to BSA |
| 9:30 am – 9:45 am | 314(a) and 314(b) |
| 9:45 am – 10:30 am | CIP (Customer Identification Program) Basics |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:45 am | CTRs Step-by-Step |
| 11:45 am– 12:00 pm | Monetary Instruments/Funds Transfers |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:15 pm | Monitoring Basics & Software/Data Overview |
| 2:15 pm – 2:30 pm | Break |
| 2:30 pm – 2:45 pm | Conducting Customer Reviews |
| 2:45 pm – 3:45 pm | SARs Step-by-Step |
| 3:45 pm – 4:30 pm | Overview of OFAC |
Wed, May 18, 2022 9:00 AM - 4:30 PM EST
We will begin the day with a reminder of the key foundations of your BSA program and how that drives your policy and procedures when onboarding customers. We will delve into non-U.S. citizens, synthetic ID Theft, and various types of risks to consider when determining your onboarding policies and procedures. We will also cover all the key updates from FinCEN on the Exam Manual, NPRM on Beneficial Ownership, and the ANPRM on Real Estate and why that is important in light of the Pandora Papers.
The afternoon will cover an overview of OFAC including an overview of “A Framework for OFAC Compliance Commitments” that OFAC references in every consent order since 2019. We will also share key Cyber information as well as some recent BSA news articles. We will conclude with SAR narrative writing and FinCEN guidance issued during COVID.
Attendees will be given a variety of resources to enhance their BSA program.
All attendees will receive 6 CAMS Credits for attending.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 9:15 am | Introduction |
| 9:15 am – 10:30 am | Customer Onboarding (CIP/Synthetic ID Theft/Risk Considerations – Customers, Products, Services, Geographies CDD/EDD) |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:15 am | Exam Manual Updates |
| 11:15 am– 11:45 pm | Beneficial Ownership Including Shell/Shelf Companies/Pandora Papers/FinCEN’s NPRM on Beneficial Ownership Reporting |
| 11:45 am– 12:00 pm | FinCEN’s ANPRM on Real Estate |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 1:15 pm | Money Laundering |
| 1:15 pm – 1:45 pm | Lessons Learned from Recent BSA/OFAC Consent Orders |
| 1:45 pm – 2:00 pm | Break |
| 2:00 pm – 2:30 pm | OFAC |
| 2:30 pm – 3:00 pm | Cyber News & Other BSA Recent News |
| 3:00 pm – 4:30 pm | Writing Effective SARs and Partnering with Law Enforcement |
Thu, May 19, 2022 9:00 AM - 4:30 PM EST
We will begin the morning discussing Terrorist Financing and Proliferation Financing as these are two of FinCEN’s priorities as they implement the AML Act regulations. Then we will delve into the ever-evolving world of payments and fintechs. We will also cover FinCEN’s guidance on Environmental Crimes, and briefly discuss the FDIC’s Proposed Guidance on Third-Party Risk Management and the OCC’s Guidance on Model Risk Management.
The afternoon will cover Elder Abuse and Human Trafficking providing insights into the scope of the problem, red flags for identification, and a number of helpful resources for financial investigators. We will also discuss Virtual Currency and Central Bank Digital Currencies (what they are, how they work and some red flags to assist you in transaction monitoring.) We will conclude the day with discussing some guidelines for your Cannabis program and providing resources to assist you in building a strong program.
Attendees will be given a variety of resources to enhance their BSA program.
All attendees will receive 6 CAMS Credits for attending.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 10:30 am | Terrorist Financing and Proliferation Financing |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:00 am | FinCEN’s AML/CFT Priorities |
| 11:00 am – 11:15 am | Payments/Fintechs (Where Fintechs/Payments are headed and how it will affect the banking industry) |
| 11:15 am – 12:00 pm | FinCEN’s Guidance on Environmental Crimes, the FDIC’s Proposed Guidance on Third-Party Risk Management, and the OCC’s Guidance on Model Risk Management |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:15 pm | Elder Abuse /Human Trafficking |
| 2:15 pm – 2:30 pm | Break |
| 2:30 pm – 3:30 pm | Virtual Currency and Central Bank Digital Currencies (CBDCs) monitoring |
| 3:30 pm – 4:30 pm | Cannabis Program Considerations |
Tue, Sep. 13, 2022 9:00 AM - 4:30 PM EST
This session is designed for the new BSA personnel or those wanting a refresher on the basics. We will cover an overview of the BSA, what drives your program and what to include in your program. The morning will cover 314(a), 314(b), Customer Identification Program (CIP) basics, CTRs Step-by-Step and Monetary Instrument/Funds Transfers requirements.
In the afternoon session, we will cover the basics of monitoring, software/data overview and conducting customer reviews. We will also cover SARs Step-by-Step and conclude the day with an overview of the OFAC requirements.
Attendees will be given tools to assist in setting up a solid BSA program.
This session is eligible for 6 non-ACAMS credits. All attendees will receive a certificate to submit to ACAMS.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 9:30 am | Introduction to BSA |
| 9:30 am – 9:45 am | 314(a) and 314(b) |
| 9:45 am – 10:30 am | CIP (Customer Identification Program) Basics |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:45 am | CTRs Step-by-Step |
| 11:45 am– 12:00 pm | Monetary Instruments/Funds Transfers |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:15 pm | Monitoring Basics & Software/Data Overview |
| 2:15 pm – 2:30 pm | Break |
| 2:30 pm – 2:45 pm | Conducting Customer Reviews |
| 2:45 pm – 3:45 pm | SARs Step-by-Step |
| 3:45 pm – 4:30 pm | Overview of OFAC |
Wed, Sep. 14, 2022 9:00 AM - 4:30 PM EST
We will begin the day with a reminder of the key foundations of your BSA program and how that drives your policy and procedures when onboarding customers. We will delve into non-U.S. citizens, synthetic ID Theft, and various types of risks to consider when determining your onboarding policies and procedures. We will also cover entity concerns and beneficial ownership recent guidance and the AML provisions of the National Defense Authorization Act. We will conclude the morning with COVID Related Fraud/Cyber Security cases and red flags.
The afternoon will cover an overview of OFAC including the new list issued in December 2020. We will cover a host of BSA news articles and conclude with SAR narrative writing and FinCEN guidance issued during COVID.
Attendees will be given a variety of resources to enhance their BSA program including a SAR guidance filing summary sheet.
This session is eligible for 6 non-ACAMS credits. All attendees will receive a certificate to submit to ACAMS.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 9:15 am | Introduction |
| 9:15 am – 10:30 am | Customer Onboarding (CIP/Synthetic ID Theft/Risk Considerations – Customers, Products, Services, Geographies CDD/EDD) |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 11:00 am | Beneficial Ownership Recent Guidance/Shell/Shelf Companies |
| 11:00 am– 11:40 pm | The NDAA (National Defense Authorization Act) AML Provisions |
| 11:40 am– 12:00 pm | COVID – Fraud & Cyber Crime |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 1:45 pm | Lessons Learned from Recent BSA/OFAC Consent Orders |
| 1:45 pm – 2:00 pm | Break |
| 2:00 pm – 2:30 pm | OFAC |
| 2:30 pm – 3:00 pm | BSA Recent News |
| 3:00 pm – 4:30 pm | SARs (Narrative Discussion & Guidance Issued During COVID with a Guide Sheet Provided) |
Thu, Sep. 15, 2022 9:00 AM - 4:30 PM EST
We will begin the morning discussing Terrorist Financing and Proliferation Financing as these are two of FinCEN’s priorities as they implement the AML Act regulations. Then we will delve into the ever-evolving world of payments and fintechs. We will cover news of importance as it affects your institution and what to consider for due diligence when banking fintechs.
The afternoon will cover three key topics: Human Trafficking, Virtual Currency and Cannabis. We will give definitions for each, recent regulatory updates, red flags, and program suggestions to assist you in managing the risks of all three of these areas.
Attendees will be given a variety of tools to enhance their BSA program.
This session is eligible for 6 non-ACAMS credits. All attendees will receive a certificate to submit to ACAMS.
Note: As significant changes to regulatory requirements are issued or other news items of importance are published, we will update the agenda topics accordingly. The schedule will remain the same.
| 9:00 am – 10:30 am | Terrorist Financing and Proliferation Financing |
| 10:30 am – 10:45 am | Break |
| 10:45 am – 12:00 am | Payments/Fintechs (Definitions/Evolution/Banking Concerns) |
| 12:00 pm – 1:00 pm | Lunch |
| 1:00 pm – 2:00 pm | Human Trafficking (Defined/Victim Stories/Case Study/Red Flags for Branch Personnel/Back Office/BSA Monitoring |
| 2:00 pm – 2:15 pm | Break |
| 2:15 pm – 3:15 pm | Virtual Currency and Central Bank Digital Currencies (CBDCs) |
| 3:15 pm – 4:30 pm | All About Cannabis (Including Marijuana/Hemp/CBD) |