Whew! There is no slowing down in BSA these days. Each month there is so much news affecting the BSA world that it is hard to keep up with it all. Join us as we do a Deep Dive into some of the key information that came out last month. We will cover the Wolfsberg FAQs on Negative News Searches; an overview on a recent Fraud Report; FinCEN’s Associate Director, Enforcement and Compliance Division, Alessio Evangelista’s, speech on Crypto and National Security; the Risks of Sharing AML Information; Treasury’s 2022 National Illicit Finance Strategy; and the DOJ Criminal Division Head, Kenneth Polite’s, speech on the “Powerful Role” of the CCO.
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 as their Director of Training.
Recorded on: Thu, June 9, 2022 2:00 PM – 3:00 PM EST