BankerCollege

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

BSA AML 101: Program Essentials

The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

Attendees to this important compliance training will understand:

• Considerations critical for All Money Laundering Programs
• BSA AML Trends in 2019 that make ALL Financial Institutions Vulnerable
• Current AML Compliance Challenges
• The 'Typical' Money Laundering Process, Methods and Flow
• How to Target the Money Launderer
• The Bank Secrecy Act Explained
• 3 Key Objectives of BSA AML Programs and their Basic Elements
• Internal Policies, Procedures and Controls
• Consequences of Non Compliance
• Role of Financial Information and Counter Intelligence with Law Enforcement
• Key Elements of Effective AML Compliance Program
• Ongoing Process Management and Critical Resources

BSA AML 201: Compliance as Risk Deterrent

This 2nd installment in the BSA Webinar series will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

• BSA/AML Considerations for Executives and Directors
• Compliance as a Risk Deterrent
• Key Risk Areas and Corresponding Actions
• Risk Recognition and Assessment
• Components and Importance of the Customer Identification Program

BSA AML 301: Fraud, Money Laundering and More

The final installment in our Bank Secrecy and Money Laundering webinar series will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

• Elements of Fraud and Money Laundering
• Thinking like a fraudster
• Understanding the Fraud Crime Problem
• Investigating Fraud
• The route from Corruption to Terrorism