Job-Specific BSA Training for Lenders & Mortgage Loan Officers

IT & Cybersecurity Collections Compliance Human Resources Lending Bank Secrecy Act (BSA)Fraud

On-Demand Webinar:

StreamedFeb 13, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Lenders are often the first line of defense in identifying and reporting suspicious activity, but the transaction types and procedures for originating a new loan are often very different from the transactions and account opening methods used by the frontline.

Therefore, it’s crucial that lending staff receive tailored (initial and annual) training on BSA/AML requirements and fully understand what is expected during their day-to-day duties.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the required responsibilities under the five pillars of BSA
Identify red flags and report potentially suspicious activity
Gather required CDD information, including beneficial ownership information
Comply with OFAC screening responsibilities
Know how to respond to current BSA “hot buttons” faced by your lending department
Detail penalties for noncompliance

WEBINAR DETAILS

The core of the loan process involves mitigating risks – compliance risks, credit risks, and… BSA/AML risks. The BSA requirements can assist credit staff in identifying red flags and potential risks so they may be better managed and so potential fraud losses may be avoided. Following well-developed CDD procedures can provide a better understanding of borrowers and which products and services your institution offers that best serve their needs. This session will detail BSA/AML rule components, including red flags and recent examples for mortgage and commercial loan fraud, CIP documentation, CDD rules (including documenting beneficial ownership), OFAC screening, CTR completion, and much more!

WHO SHOULD ATTEND?

This informative session is designed for deposit operations personnel, loan operations staff, electronic banking staff, BSA/AML officers, and internal auditors.

TAKE-AWAY TOOLKIT

Sample beneficial ownership form and calculator
Sample due diligence form
Sample suspicious incident report
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.