Much is happening in the realm of BSA these days. The FFIEC is issuing updated guidance with a ML/TF risk focus and FinCEN is focusing on the implementation of the 2020 AMLA (Corporate Transparency Act). Every month we do a session on the latest news in the industry on Payments, Fraud, Cyber, OFAC, Regulator issuances, cannabis, human trafficking, crypto, and a host of other topics. That session is a quick overview of all the news for the month.
This month’s BSA DeepDive topics will include Lessons from Law Enforcement Case Studies, Micro-Identities, Human Trafficking Indicators gleaned from numerous suspicious reports and the effects of COVID on HT, Why Crypto is better for stopping money laundering, how to launder $1M with little risk, Third Part Risk Management, and Lessons Learned from Consent Orders.
Nancy Lake has over 16 years of experience in the BSA/AML world and was CAMS certified in 2008. Nancy received her CAMS-Audit certification in 2013 and her CAMS-FCI certification in 2015. She has conducted bank wide BSA/AML training, including Board of Director training. Along with conducting monthly online training, Nancy speaks at numerous conferences through the year in the U.S., and even overseas. For six years, she was an instructor at the PA Bankers School of Banking, and for 7 ½ years Nancy served as Director of Compliance Anchor, the training and consulting division of Atlantic Community Bankers Bank. Nancy has utilized her BSA experience as an educator to assistance to financial institutions in the areas of training, risk management, and the development of sound internal programs and best practices for the past 16 years. She has previously served as BSA Officer in multiple community banks where she successfully created and implemented the entire BSA program, including one bank with numerous international MSBs. Nancy has experience working with and implementing several automated BSA/AML transaction monitoring systems. In September 2020, Nancy joined ARC Risk and Compliance aas their Director of Training.
Recorded on Thu, Aug 19, 2021 2:00 PM – 3:00 PM EDT