2022 Anti-Money Laundering & BSA 2-Day School (Virtual)

Conference/Seminar/School Gail Queen

Recent Congressional focus and well-publicized BSA enforcement actions and fines continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. Treasury continues to rely on financial institutions to serve as the “front-line gatekeepers” for law enforcement efforts to safeguard the U.S. financial system from the abuses of financial crimes, including money laundering and terrorist financing. The federal regulatory agencies continue to rely on financial institutions to take “every reasonable step” to identify, minimize, and manage any risks that illicit financial activity may pose to the individual institution and the industry. Ongoing initiatives by the Financial Crimes Enforcement Network (FinCEN), and continued expansions of the federal examination procedures, reinforce the need to have a strong BSA program at your institution.

This seminar assists financial institutions in meeting the annual training requirements imposed by the BSA regulations and provides attendees with the opportunity to network with other professionals interested in BSA compliance.

A two-day program designed to encompass the broad range of topics included in the realm of the Bank Secrecy Act and Anti-Money Laundering.

  • Anti-Money Laundering Act (AMLA 2020) Implementation
  • Customer Due Diligence – The Program and the Process
  • Suspicious Activity Reporting (SAR) – (FinCEN Form 111) and Reporting Suspicious Activity
  • Establishing a Risk-Based Program of Identifying and Classifying Your Customers
  • Overview of Regulatory and Statutory Components of BSA
  • Updated Examination Procedures
  • Information Sharing (314 (a) & (b) and Other Title III Programs
  • Completing the Currency Transaction Report (FinCEN Form 112)
  • Exempting Eligible Customers from the CTR Filing (FinCEN Form 110)
  • Pandemic-Related Fraud Schemes
  • How OFAC Fits into the Process – the Sanctions Compliance Program (SCP)
  • Establishing the Appropriate Culture of Compliance

Register Now!

Who Should Attend

This program is designed for personnel who have management-level responsibilities for BSA compliance. Individuals with retail banking, risk management, compliance, audit, operational, corporate banking, and training responsibilities will benefit from this program.

Seminar and Speaker Information

This two-day school covers in detail the issues and opportunities in the ever-expanding environment of the Bank Secrecy Act and reviews the entire realm of BSA from “A” to “Z”. From decades old Currency Transaction Reporting (CTR) and various recordkeeping requirements, to institutional risk assessment, customer due diligence (CDD), beneficial ownership expectations, and suspicious activity reporting, students from the novice appointee to the tenured BSA professional will find the discussions and interactions to be of great value.

Program Level:  Basic Exposure to the BSA/AML Concept

Delivery Method:  Group – Virtual

Field of Study:  Specialized Knowledge

Covered topics include:

DAY ONE – The “Basics”

  • Latest on AMLA 2020 Implementation;
  • Statutory and Regulatory Requirements;
  • Enforcement Actions, MRIAs, and the “Lessons Learned”;
  • Acronym Review and Sources of Information;
  • Proposed Regulatory Changes – Status;
  • USA PATRIOT Act Requirements and Implications;
  • Currency Transaction Reporting – FinCEN Form 112;
  • Exemption “Opportunities” From CTR Reporting;
  • Recordkeeping Requirements;
  • Office of Foreign Assets Control (OFAC) – Sanctions Compliance Program (SCP) Framework;
  • Culture of Compliance;
  • Pandemic-Related Fraud Update

DAY TWO – The “Current”

  • Customer Due Diligence – The Program and The Process;
  • “High-Risk” Products, Services, and Geographies;
  • Institutional Risk Assessments;
  • Suspicious Transactions, Terrorist Financing, and other Money Laundering Techniques;
  • Suspicious Activity Reporting (SAR) – FinCEN Form 111;
  • Environmental Crimes, Ransomware, Online Child Sexual Exploitation (OCSE) Crimes, Human Trafficking and Human Smuggling, Elder/Vulnerable Adult Exploitation, Convertible Virtual Currency (CVC), Cyber-Events and Cyber-Related Crimes, and Disaster-Related Fraud;
  • Money Services Businesses (MSBs), Hemp-Related Enterprises (HREs) and Marijuana-Related Enterprises (MREs), Third-Party Payment Processors (TPPPs), Real-Estate Geographic Targeting Orders, “De-risking”, and Other High-Risk Clients and Entities;
  • Federal BSA/AML Examination – Latest Updates

Mark Dever, AAP, CAMS is a Vice President and Senior Consultant at ProBank Austin.  Prior to joining the firm in 1996, Mr. Dever was Vice President and Manager of cash management operations for a multi-billion dollar regional bank holding company with several affiliates.  He has extensive experience in many areas including the automated clearing house (ACH), domestic wire transfer, affiliate bank post-acquisition conversions and consolidations, bank operation centralizations, and payment system risk.  He teaches a variety of ProBank Austin seminars including the ACH Processing and Compliance, and the Anti-Money Laundering and Bank Secrecy Act seminars.  He has lectured at regional and national seminars, and at graduate schools of banking hosted by various bank associations and national industry groups.  He has served on the faculty of both the OTS’ Compliance I School, and the FDIC’s Advanced Consumer Protection School.  He has also taught undergraduate business and management classes in a community college setting.  Mr. Dever is an Accredited Automated Clearing House Professional (AAP), and a Certified Anti-Money Laundering Specialist (CAMS). 

Registration Fees

Members and Non-Member:  $525


By registering for this event, you are agreeing to the VBA Event Policies.

VBA Event Cancellation Policy

All cancellations will be charged a $25.00 administrative fee. Cancellations received less than 72 business hours before the program will be charged a $75.00 administrative fee plus any additional fees associated with the training. Substitutions are allowed prior to the beginning of course.

Special Needs

Please share any specific needs that should be considered as we plan for the conference (i.e. hearing impaired, sight impaired, etc).  Please contact Gail Queen with any details.