BSA/AML Institute 2023 | Independent Community Bankers of America (ICBA) | 7 August 2023 | Embassy Suites by Hilton Minneapolis Airport, 7901 34th Ave S, Bloomington, MN 55425, USA

The formal requirements for financial institution compliance under the Bank Secrecy Act (BSA) are significant. With the regulatory agencies committing to tougher and more inclusive BSA/AML examinations, it is important to make certain your BSA/AML program is appropriate for your institution's risk exposure.

Gain in-depth knowledge, resources, and peer networks to effectively manage your BSA/AML function or audit this function properly. This comprehensive training covers the primary requirements of each segment of the regulation and offers guidance on best practice expectations in each area.

Learning Objectives:

• Review Bank Secrecy Act and Anti-Money Laundering program requirements, including emerging trends and industry observations.

• Analyze traditional financial recordkeeping elements of currency transactions, monetary instrument sales, and funds transfers.

• Take a comprehensive look at the CTR and SAR forms, including filing scenarios and dynamic “should you file” discussions.

• Study Customer Identification Program (CIP) requirements including the Customer Due Diligence and Beneficial Ownership requirements.

• Discuss high-risk customer monitoring tactics-including an in-depth look at account ownership expectations, enhanced account review, and OFAC compliance.

• Review key suspicious activity monitoring program components.

• Identify techniques to improve your BSA risk assessment to address all business lines and risk exposures at various levels within your bank.

2023 Speakers

INSTRUCTORS:

Kristen Ritter
First Vice President Engagement Leaderm, TIB Consulting Solutions

Clint Jay
Senior Risk Services Specialist, TIB Consulting Solutions