October BSA School Two Day Special – Day 1 & Day 3


Tue, Oct 19, 2021 9:00 AM – 4:30 PM EST

Day 1: BSA Basics – Introduction to the Bank Secrecy Act, 314(a), 314(b), Customer Identification Program basics including Non-U.S. Citizens, Step-by-Step Procedure to completing CTRs, Monitoring Basics, Conducting Customer Reviews, Step-by-Step Procedure to completing SARs, and an overview of the Office of Foreign Assets Affairs (OFAC) requirements.

Thu, Oct. 21, 2021 9:00 AM – 4:30 PM EST

Day 3: Beyond the Basics – Key aspects of your KYC/CDD/EDD programs, Red Flags, Recent FinCEN guidance, COVID-19 impacts, important aspects of your OFAC program, key lessons learned via consent orders, components of an effective risk assessment, crypto currencies, Elder Abuse Red Flags, Human Trafficking, Cannabis, and MORE!

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Day 1: BSA Basics Description  

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. 

Day 1: BSA Basics Agenda – Tue, Oct 19, 2021 9:00 AM – 4:30 PM EST

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


Day 3: Beyond the Basics of BSA (Part 2) Description

Since risk assessments are the driving force behind your entire BSA program, understanding what they are, what should be included and how to write them are critical pieces to the development of your institution’s risk assessment. We will begin the day by covering those elements as well as types of risks to consider. The second half of the morning will be identification of data points, understanding your data and accurately measuring your risks. The morning will conclude with ways to ensure you are effectively presenting those risks to your SR Management and Board of Directors to enable them to understand the policy and procedures you have implemented to mitigate those risks. 

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 Risk assessment and BSA program. 

Day 3: Beyond the Basics of BSA (Part 2)  Agenda – Thu, Oct. 21, 2021 9:00 AM – 4:30 PM EST

9:00 am – 10:30 am – Deep Dive into Risk Assessments (What are they? What should be included? What types of risk do you consider?)
10:30 am – 10:45 am – Break
10:45 am – 12:00 pm – Deep Dive into Risk Assessments cont. (High Risk Customer Management and Understanding and Evaluating Your Data)
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 – Overview of Virtual Currency (Definitions/Guidance/Concerns)
3:15 pm – 4:30 pm – All About Cannabis (Including Marijuana/Hemp/CBD)


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