BSA/AML, USA Patriot Act & OFAC Compliance

Virtually no set of rules and regulations get as much attention as the Bank Secrecy Act, Office of Foreign Asset Control regulations, and the USA Patriot Act. Surveys show these rules to be among the top issues facing compliance officers. The rules work together to place a significant burden on your institution – a comprehensive program must be continually updated and implemented. The information presented in this program will give Directors an overview of these rules so that they can ask the right questions and implement the right policies to be sure their program meets the requirements.

Covered Topics

  • Management Involvement and the “Culture of Compliance”
  • Risk Assessments 
  • Money Laundering
  • Suspicious Activity Reporting 
  • Customer Due Diligence
  • Enhanced Due Diligence
  • Office of Foreign Asset Control Rules

Who Should Attend?

Anyone in the institution having compliance responsibilities - when you think about this, it could be just about anyone in the institution. This may include members of senior management, operations personnel, lending personnel, underwriters, customer service representatives, back-room personnel, and of course compliance officers, auditors, and attorneys, and anyone else in the institution that might benefit from this valuable information.

The biggest value of the series..."Ability to have someone explain in plain English what is going on." Christine G., Bank Fund Staff Federal Credit Union