The Examiners Haven't Forgotten: BSA/AML & OFAC Compliance - The Rules, Gray Areas, and Developments

(www.bankwebinars.com)

Some people might think that regulatory attention to the BSA has let up over the past couple of years, given other difficulties and areas of concern, such as lending. Think again. With the safety and soundness of the entire industry the focus of news stories every day, the regulators haven't eased up. These rules are still very close to being the #1 issue facing compliance officers.

We'll talk about where the risk areas are in these rules, and where examiners are criticizing institutions. Your comprehensive program must be continually updated, and we'll make sure you have the information you need to meet expectations.

Covered Topics Include:

* Updating your risk profiles, including due diligence
* Currency Transaction Reporting hotspots, including exemptions
* Suspicious Activity Reporting - the backbone of an effective BSA program
* Selling monetary instruments for cash - collecting and retaining information
* Funds transfer recordkeeping - more information collection
* OFAC rules - who to screen?
* Blocked & rejected transactions - what's the difference and how do I know which to do?
* Additional USA Patriot Act requirements, such as 314(a), PEPs, and Pouch activities
* Identifying customers and maintaining proper evidence under CIP rules
* And more