2024 Virtual Bank Secrecy Act, Anti-Money Laundering & OFAC

Here is the zoom link to the training https://us06web.zoom.us/j/82072801301​

BSA AML OFAC Training and Discussion Topics 2024

This training agenda covers a wide range of topics, from foundational BSA principles to practical implementation, risk assessments, and staying current with emerging trends. It ensures that BSA Officers are well-equipped to fulfill their role in compliance with current federal regulations.

Registration Details: Each ticket purchased is per person. Zoom links will be sent separately from the registration confirmation ahead of the session. Registration is only open to affiliated credit unions.

BSA and AML Regulations

• Overview of BSA and Its Purpose
• Regulatory Framework
• BSA Officer's Role and Responsibilities

Core Components of BSA Compliance

• Customer Identification Program (CIP) (MIP)
• Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs)
• Recordkeeping and Reporting

BSA and AML Risk Assessments

• Risk Assessment Framework
• OFAC Compliance

Implementing an Effective BSA/AML Program

• Developing Internal Policies and Procedures
• Training and Education
• Audits, Examinations, and Reporting
• Creating Culture of Compliance

Emerging Trends and Best Practices

• Emerging BSA/AML Trends
• Best Practices and Case Studies
• Q&A and Wrap-up

Who should attend? - This seminar is appropriate for anyone who is responsible for your BSA / AML program, specially designated officers, risk managers, compliance / operations / administration executives, auditors, and select volunteers.

Personalized Training Completion Certificate - Every registrant who completes the four-hour training session will receive a printable digital certificate signifying that this seminar meets the required training obligations of the Bank Secrecy Act as mandated by FinCEN.