BSA Important Issues: New Mandates, Requirements, and Recommendations
Duration : 60 Minutes
Kenneth Barden,
Kenneth Barden is an attorney and a seasoned Compliance and Regulatory Specialist. He is a Certified Anti-Money Laundering Specialist (CAMS) and is COSO-certified. He has over 37 years of professional experience, both within the US and internationally. His primary focus has been on compliance, fin Read more
The Bank Secrecy Act (BSA) is a US law that fights money laundering and other financial crimes. BSA requires businesses to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters. Individuals and financial institutions who fail to comply with BSA requirements may face severe penalties and for more serious offenses, prison sentences.
BSA rules and regulations must be followed by financial institutions. Although financial institutions have been managing BSA operations in accordance with regulatory requirements, the shift to BSA audits has become increasingly important. Regulators look to the Bank for confirmation and proof that BSA operations are being audited properly to ensure that BSA efforts are implemented and managed properly.
Our AML environment is evolving and we have to keep up with the current mandates, requirements and understand insight from other industry participants.
Why Should You Attend:
During this webinar, Justin will discuss BSA reporting requirements, new mandates released over the past 6 months, the requirements financial institutions have to abide by and being prepared for audits and exams this year.
Course Outline:
• The current BSA/AML Environment
• New mandates released and proposed
• BSA Requirements for financial institutions
• Best practices with BSA Reporting
• Key takeaways
Who Will Benefit:
• Directors of the Institution
• Managers of the Institution
• Risk Managers
• BSA/OFAC Officers
• Compliance Officers
• Audit Staff
• BSA/OFAC Staff
• Internal Auditors
• Staff with roles and responsibilities in BSA / AML management and oversight
• Money Service Business BSA/AML Officers
• Corporate Auditors
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
Similar Trainings
Detecting and Auditing for Fraud in Financial Statements: Identifying the “Red Flags” and Risk Management Techniques
LIVE : Scheduled on
20-September-2024 :01:00 PM EDT
|
BSA Reporting Requirements
LIVE : Scheduled on
04-October-2024 :03:00 PM EDT
|
