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.

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Who Should Attend

This program is designed for personnel who have management-and/or functional level responsibilities for BSA compliance and/or operations. 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.

This two-day program is designed to encompass the broad range of topics included in the realm of the Bank Secrecy Act and Anti-Money Laundering.  Covered topics include:

  • Designing and Implementing a BSA Program
  • Establishing the appropriate Culture of Compliance
  • 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
  • Examination Procedures
  • Information Sharing (314(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 New Sanctions Compliance Program (SCP) Framework

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

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.