FFIEC BSA/AML Examination Manual: What Compliance Officers Really Need to Know?
Instructor:
Doug Keipper
Product ID: 703792
- Duration: 60 Min
Why Should You Attend:
The agencies that comprise the Federal Financial Institutions Examination Council (FFIEC) released an update of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The revised manual provides current guidance on 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 section-by-section of the manual to highlight areas where banks should review their internal policies, processes and procedures to ensure they are in compliance and discuss changes to BSA requirements since the 2014 manual was released.
Areas Covered in the Webinar:
- 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
Doug Keipper
Certified Anti-Money Laundering Specialist, Leading Bank
Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a Bank Secrecy Act Officer for a $1 billion dollar bank.
Doug sold BSA software for eight years and has taught anti-money laundering classes since 2008 throughout the southeast and online.
He has talked with over 500 BSA officers throughout the USA and Caribbean.
He has spent over 20 years in retail banking, wholesale mortgages and financial services.
Frequently Asked Questions:
- How do you suggest handling multiple SAR filings when lending relationships are involved?
- Cash Sales of Negotiable Instruments - Does a cash deposit to a client's account for the sole purpose to purchase a negotiable monetary instrument qualify as a cash transaction for recordkeeping purposes?
- So, if I have the 2014 manual, the 2020 update document and the four 2021 updates, am I covered?
- You mentioned a new FinCEN statement on providing banking services to MSBs. Did it say anything new?
- Can you tell us any of the changes in the appendices?
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