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

Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Tuesday, January 26th, 2010
10:00 am - 12:00 pm CT

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

Who Should Attend?

These rules impact most anyone in your institution who has direct dealings with customers, such as Customer Service Representatives and tellers. But others are impacted as well, like loan officers and others who make important customer-related decisions. Compliance officers, auditors, attorneys, and management too will benefit from this information, as well, as they often are the ones who must draft these complex programs, administer them, and audit them.

Sign Up!

On-Demand Recording Only - $255: Unlimited playback & materials only. If you are unable to attend the regularly scheduled event, but are interested in the topic, you can purchase the recorded version. You will receive a web address for online viewing and an audio CD and handouts for offline viewing.