Dates of Event & Pricing

$549 for All 3 Webinars and Playbacks*

*Playback has no expiration.

  • Tuesday - Thursday, October 24 - 26, 2023

  • 12:00 – 1:00 pm (Eastern Time)

  • 11:00 – 12:00 pm (Central Time)

  • 10:00 – 11:00 am (Mountain Time)

  • 9:00 – 10:00 am (Pacific Time)

Curriculum

SESSION 1: Understanding Virtual Currency and the Impact on your BSA Program
Tuesday, October 24, 2023
On December 18, 2020, FinCEN released a notice of proposed rule-making (the “NPRM”) setting forth proposed regulations to expand the U.S. anti-money laundering rules on virtual currency. Financial institutions sometimes struggle with how to bank clients that provide virtual asset services. The webinar reviews the different types of virtual currency clients, documentation required to obtain at account opening and effective methods for monitoring these clients.

This webinar will also help attendees who don’t wish to bank virtual currency service providers to know how to identify these types of clients at account opening and through transactional activity monitoring. Learn how to implement the new rules into your BSA program and common “red flags” of possible suspicious activity in virtual currency.

Topics include:

  • Basics of Virtual Currency
  • BSA Regulatory Requirements of Virtual Currency
  • Identification of Virtual Currency at Account Opening and throughout duration of relationship.
  • Red flags of possible suspicious activity


Who Should Attend?

  • Client Facing Teams
  • Deposit Operations/Electronic Banking
  • Treasury Sales and Operations
  • BSA and Fraud
  • Compliance Officers
  • Internal Audit
  • Information Security/Technology
  • Senior Management


SESSION 2: Understanding the Basics of Virtual Currency
Wednesday, October 25, 2023
Many individuals and organizations have a basic knowledge of virtual currencies and other terms like digital currencies or cryptocurrencies; however, many organizations struggle to have a working knowledge of this type of currency.

This webinar is designed for the virtual currency beginner to understand different types of virtual currency, how it is used, common usages of virtual currency and trends in virtual currency use.

Topics include:

  • Basics in Virtual Currency
  • Participants and Flow
  • Most popular virtual currencies
  • Overview of virtual currency risks


Who Should Attend?

  • Client Facing Teams
  • Deposit Operations/Electronic Banking
  • BSA and Fraud
  • Compliance Officers
  • Internal Audit
  • Information Security/Technology
  • Senior Management


SESSION 3: Knowing the Risks of Virtual Currency at your Financial Institution: Risks and Regulatory Requirements and Expectations
Thursday, October 26, 2023

Virtual currency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Virtual currencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not currently backed nor supported by any government or central bank. Many financial institutions have clients that purchase virtual currency, are miners, exchangers and other participants in a virtual currency chain.

This webinar takes attendees through the differing types of virtual currency clients and provides insight on the risks associated with each type of participant in the chain.

Topics include:

  • Risks of virtual currency
  • Regulatory requirements and expectations
  • Different risks based on participant usage
  • Implementation of best business practice controls to mitigate risk of virtual currency


Who Should Attend?

  • Client Facing Teams
  • Deposit Operations/Electronic Banking
  • BSA and Fraud
  • Compliance Officers
  • Internal Audit
  • Information Security/Technology
  • Senior Management

Instructor

Secura Risk Management / Founder Terri Sands

Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.

Credits

3.0 CPE Credits & 3.6 AAP Credits