Updates to FFIEC BSA/AML Examination Manual: What You Really Need to Know?

Total Seats: 500

Date and Time:

15 November, 2023 11:30 pm PST - 16 November, 2023 - 12:30 am PST

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Description

Learn about changes to the FIEC Examination Manual and the areas where banks should review their policies and procedures for compliance.

 

COURSE DESCRIPTION:

The Federal Financial Institutions Examination Council, up until September of this year, has released updates to some key sections of the Bank Secrecy Act/Anti-Money Laundering Examination Manual. These updates offer further transparency into the examination process and support risk-focused examination work.

The revised manual provides current guidance on due diligence programs, foreign bank account records, risk-based policies, procedures, and processes for banking organizations to comply with the BSA and safeguard operations from money laundering and terrorist financing.

This webinar will go through every section of the revised FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual to highlight changes and areas where banks should review their internal policies, processes, and procedures for compliance. Understanding these changes will keep you prepared and updated for your next BSA/AML examination.

 

AREAS COVERED:

  • AML Risk Assessment
  • BSA/AML Compliance Program
  • Customer Identification Program (CIP)
  • Customer Due Diligence/Enhanced Due Diligence (CDD/EDD)
  • Suspicious Activity and Currency Transaction Reporting
  • Foreign Correspondent Accounts and Recordkeeping
  • International Transportation of Currency or Monetary Instruments Reporting (CMIR)
  • Bulk Shipments of Currency
  • Automated Clearing House (ACH) Transactions and Third-Party Service Providers
  • Prepaid Access
  • Third-Party Payment Processors
  • Embassy, Foreign Consulate, and Foreign Mission Accounts
  • Non-Bank Financial Institutions
  • Cash Intensive Businesses
  • Nongovernmental Organizations and Charities

 

WHO WILL BENEFIT:

  • BSA/AML Compliance Officers at banks and MSBs
  • Front Line BSA/AML Staff
  • Internal and Independent Auditors
  • Bank and MSB Staff with Roles and Responsibilities in BSA/AML Management and Oversight
  • Risk and Compliance Management
  • Consultants in the AML/BSA Industry specializing in MSBs

 

ABOUT THE INSTRUCTOR:

Doug Keipper is Vice President, BSA/AML Officer at BankSouth.

  • Certified Anti-Money Laundering Specialist (CAMS) since 2005
  • Bank Secrecy Act Officer for a billion-dollar bank
  • Sold BSA software for eight years
  • Teaching anti-money laundering classes since 2008
  • Has talked with over 500 BSA officers throughout the USA and Caribbean
  • Spent over 20 years in retail banking, wholesale mortgages, and financial services

 

REFUND POLICY:

Attendees may cancel up to 24 hours before the course start date and the refund will be processed within two working days.

We will process/provide A refund if the webinar is canceled. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinars may be canceled due to a lack of enrolment or unavoidable factors. Attendees will be notified 24 hours in advance if a cancellation occurs. Substitutions can happen anytime.

If you have any concerns about the content of the webinar and are not satisfied please contact us at care@thecomplyguide.com

 

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