BSA/AML Academy

Wednesday, April 07, 2021 - Thursday, April 08, 2021   iCalendar Central Standard Time

BSA/AML Fundamentals Bootcamp 
Wednesday & Thursday, April 7-8

This program provides the framework for understanding the BSA team’s roles and responsibilities for BSA/AML and OFAC compliance. The financial industry is required to take an increased leading role in the prevention of money laundering and potential terrorist funding. Compliance with the Bank Secrecy Act (BSA) continues to be a top priority with the regulators. One major requirement of BSA is to designate a BSA/AML Officer and to ensure that the BSA Officer and the BSA Team are well trained and qualified to carry out the duties of this critical position. BSA is an on-going, ever-changing “safety and soundness” issue. This workshop will provide current, updated tools, techniques, and “real world” practice and examples for learning the critical components of a BSA/AML Program. We will review the basic BSA regulatory framework and provide you with an understanding of the BSA, OFAC, and core recordkeeping requirements. During the seminar, the attendees will utilize the FFIEC BSA/AML Examination Manual and 31 CFR Chapter X.

Components Covered During Session
Money Laundering and History of Bank Secrecy Act
Today’s BSA Officer and Team
The Tools of BSA
The Role of FinCEN
BSA/AML Violations and Penalties
BSA/AML Risk Assessments
BSA/AML Compliance Program and 5 Pillars
Customer Identification Program
Customer Due Diligence and Beneficial Ownership
Enhanced Due Diligence
BSA Reporting and Record Keeping

  • Currency Transaction Reporting (CTR)
  • CTR Exemptions
  • Monetary Instrument Logs (MIL)
  • Funds Transfers
  • Suspicious Activity Reporting (SAR)

Office of Foreign Asset Control (OFAC) Compliance
BSA and OFAC Training
Record Retention

Designed for newly-appointed BSA/AML Officers, BSA/AML team members or those responsible for the function

Advanced BSA/AML Academy 
Wednesday & Thursday, May 19-20

Details coming soon!

As a former banker, Dianne Barton, Founder & President of Performance Solutions, Inc., provides a full array of bank-specific learning solutions including leadership and management development, regulatory and compliance implementations, retail growth strategies, sales & service culture development, strategic planning, is recognized as “real world solutions” by both regional banks and community banks.

Individual Program Fee Per Person
Members $489
Nonmembers $829

Full Series Fee Per Person
Members $899
Nonmembers $1,499