The Directors Education Series: BSA and OFAC 2020 Update

Your Board of Directors are required to be updated and kept current on BSA issues. This concise training program explores all the major BSA and OFAC issues of 2020. It includes potential legislation on beneficial ownership and the Safe Banking Act as well as an overview of what it means to "know your customer". Your board will enjoy this event and hopefully learn how to provide oversight for the bank's risk.

Other Topics Include:

  • Customer Identification Programs (CIP) & Customer Due Diligence (CDD)
  • Illicit Cash Act
  • How to handle High Risk Customers such as Marijuana and Hemp businesses
  • CTR and SAR filings and forms
  • Recordkeepling – Wires and Monetary Instruments
  • 314 a and 314 b
  • OFAC

Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.

training features:

  • Includes Audio, Video and Powerpoint.
  • PDF Handouts
  • Discussion Questions
  • 20-25 minutes in length (Perfect to show at your monthly board meeting!)
This program is a breakout session from the Directors Education Series, which is a subscription based Library containing over 50 trainings specifically for your Board of Directors. For more information on the Directors Education Series click on or go to You can email questions to or talk with a representative by calling 1-800-831-0678.

Who Should Attend?

This program is recommended for your Executive staff including every member on your Board of Directors.

We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank

After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust