2024 Virtual FinCrime School- Day 2: Advanced BSA (Part 1) – Recorded


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Day 2: Advanced BSA (Part 1)

We will begin the day with a focus on understanding Criminology and the motive(s) behind why and how someone chooses to commit financial crime. Any good investigator should possess critical and analytical thinking as a skillset, so we will discuss the differences between the two and uncover how you can apply them to investigations. Risk-based decision-making is the foundation of an effective financial crimes program, so we will review the Enterprise Risk Management (ERM) framework. Rounding out the morning before lunch, we will cover scams and fraudulent schemes and how they lead to financial crime.

The afternoon will begin with some key BSA program considerations and the connection of all types of illegal activity. We will delve into terrorist financing with a focus on “domestic terrorism” and FinCEN guidance on Hamas. Red flags of terrorist financing, proliferation financing, maritime sector and Dealers in Presciou Metals and Stones. We will also consider a risk-based approach for high-risk customers including PEPs. Then we consider key lessons from consent orders and red flags of various payment types for human trafficking. We will conclude the day with program considerations for cannabis and other drugs that will be applicable whether or not you actually bank these types of customers.

9:00 am – 9:15 am Introduction
9:15 am – 9:45 am Criminology 101
9:45 am – 10:15 am Critical and Analytical Thinking
10:15 am – 10:30 am Break
10:30 am – 11:15 am Enterprise Risk Management 101
11:15 am– 12:00 pm Scams and Fraudulent Schemes
12:00 pm – 1:00 pm Lunch
1:00 pm – 1:20 pm BSA Overview, Transnational Criminal Organizations & Money Laundering
1:20 pm – 1:45 pm Terrorist Financing
1:45 pm – 2:00 pm Break
2:00 pm – 2:10 pm Various Types of Red Flags
2:10 pm – 2:30 pm High Risk Customers & PEP Considerations
2:30 pm – 3:00 pm Lessons from Consent Orders
3:00 pm – 3:15 pm Human Trafficking Red Flags for Various Payment Types
3:15 pm – 4:30 pm Program Considerations for Cannabis and Other Drugs
Recorded on February 28, 2024 9:00 AM – 4:30 PM ET


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