Day 3: Advanced BSA (Part 2)
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.
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
Recorded on Thu, Sept. 15, 2022 9:00 AM – 4:30 PM EST