Updating BSA Policy & Procedures, Including Beneficial Ownership Rules

Compliance Frontline & New Accounts IRA & HSA Lending Operations Senior Management & Directors Bank Secrecy Act (BSA)

On-Demand Webinar:

StreamedJan 31, 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

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BSA policy is the cornerstone of your compliance program.

Is yours regularly updated? How do you know if everything is covered? There are recent changes that need to be addressed and more coming. Do you know what they are? This informative webinar will provide a BSA policy checklist – just the tool you need to keep your BSA house in order.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Use a checklist to see if everything is in your policy
Review the new audit worksheet with changes to the BSA exam manual
Understand what beneficial ownership rules are out and what we need to know
Add marijuana and hemp to your policy and procedures
Change the language of high-risk customers to mirror the exam manual

WEBINAR DETAILS

The new year is a great opportunity to refresh BSA policy and procedures. Many issues have arisen this last year and many more are coming. The FFIEC exam manual has had three revisions and three new chapters added. There have also been some changes in the wording about high-risk customers and there is a big change coming on beneficial ownership.

While there are no actionable items yet under beneficial ownership, it is a good idea to see what will be different in terms of policies and procedures down the road. Companies will begin registering with the beneficial ownership database January 1, 2024, and new procedures won’t be long in coming. Join us for a walk through current BSA policy with a checklist and ensure audit worksheets are up to date.

WHO SHOULD ATTEND?

This informative session is designed for BSA officers, BSA staff, compliance personnel, and security staff.

TAKE-AWAY TOOLKIT

Beneficial ownership manual
FFIEC BSA exam manual in Word
Audit worksheet
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.

TESTIMONIALS

"Although the topic is a big one and the time was limited, the supplemental resources that were provided allow the education to continue. The speaker provided website and email information should attendees have additional questions. Worth the educational investment."

- Felicia, First Trust Credit Union