In this 3-part series, we'll delve into every aspect of BSA and OFAC compliance, from program expectations, risk assessments, CTRs, SARs, CDD, EDD, beneficial owner rules, and much more.

We'll also talk about recent legal and regulatory activities around various of these rules, especially the Beneficial Owner Information (BOI) reporting rules. We'll discuss where we are presently and what should be done. We'll also discuss where the risk areas are 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.

BSA/AML and OFAC Compliance - Part 1

April 3, 2025 | 11:00 am - 1:00 pm CDT

What You'll Learn:

• Latest legislative and regulatory developments
  
• Valuable resources
  
• Purpose of the Bank Secrecy Act
  
• BSA program requirements, including the 4 pillars
  
• The BSA risk assessment process - critical tool for compliance
  
• Factors and methodology of BSA risk assessment
  
• Currency Transaction Reporting (CTR) - hotspots and details, including exemptions

BSA/AML and OFAC Compliance - Part 2

April 23, 2025 | 11:00 am - 1:00 pm EST

What You'll Learn:

• Waiting for the impending Customer Due Diligence (CDD) rules around Beneficial Ownership - what to expect
  
• Discussion of the legal status of the BOI database and reporting requirements for businesses
  
• Suspicious Activity Reporting - the backbone of an effective BSA program
  
• Customer Identification Program (CIP) requirements
  
• Due diligence responsibilities, including Customer Due Diligence (CDD) - Know Your Customer
  
• Beneficial Ownership rules - where we stand now and what will be changing
  
• Enhanced Due Diligence (EDD) for high-risk customers
  
• Money Services Businesses (MSBs) - a special type of customer
  
• Selling monetary instruments for cash - collecting and retaining information
  
• Funds transfer recordkeeping - more information collection

BSA/AML and OFAC Compliance - Part 3

May 8, 2025 | 11:00 am - 1:00 pm EST

What You'll Learn?

• Information sharing provisions under the USAPA
  
• Marijuana and hemp banking
  
• Elder abuse
  
• Human trafficking
  
• Digital currencies and related issues
  
• Identifying customers and maintaining proper evidence under CIP rules
  
• BSA enforcement and penalties
  
• OFAC rules - who and what to screen?
  
• Blocked & rejected transactions - what's the difference and how do I know which to do?