Bank Secrecy Act Webinars

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Alert! CTR Changes on Businesses
Webinar | 1 1/2 Hours

FinCEN ruling FIN-2020-R001, effective April 6, 2020 (September 1, 2020 for e-filing batch filers), makes significant changes in CTR filing requirements for transactions involving sole proprietorships and legal entities operating under a "doing business as" (DBA) name. FinCEN states that the changes are being made "to both enhance regulatory efficiency and provide complete and accurate CTR data to law enforcement." The new ruling rescinds and... Details
Alert! Deposit Compliance Update 2020
Webinar | 1 1/2 Hours

Alert! Deposit Compliance Update 2020
Including the SECURE Act on IRAs

Change is in the air! Are you ready? We kick off 2020 with many changes to IRAs under the SECURE Act. We also have interest reporting rules finalized which will change your Nonresident alien interest reporting. There will be a change on beneficial ownership as we watch the Illicit Cash Act leave the house and move to the Senate. We may see the eventual... Details
Alert! Deposit Regulation Update
Webinar | 1 1/2 Hours

Where are we in the second quarter? The second quarter update is for the busy deposit specialist who needs updated on all the changes in one sitting. This two-hour alert will help you run the deposit compliance and operations side of your financial institution.

Highlights:
• Changes on Reg D,
• Upcoming Changes on Regulation CC
• FFIEC BSA Exam Manual Changes
• Changes on CTRs—delayed but still worth looking... Details
Alert! New SAR Line-by-Line
Webinar | 1 1/2 Hours | CE Credits: 2.0

FinCEN has issued a notice to e-filers that announces an update to the Suspicious Activity Report (SAR) filing format, to go live in June 2018. The announcement says that the revisions adhere to the changes listed in FinCEN's February 2, 2017, Federal Register notice. Beginning with the new SAR filings, batch submissions will have to be made in an XML-based file, rather than in the current ASCII fixed-length delimited file format.... Details
Business Account Mapping: New CDD Rules in a Multi-Tiered Business Environment
Webinar | 1 1/2 Hours | 2.0 CE Credits

Learn how to open multi-tiered business accounts. Complex business structures with multiple business entities owners present unique challenges in light of new Customer Due Diligence (CDD) rules. We will diagram and map out several complicated business structures and learn how to get the proper documentation, resolutions and beneficial ownership in these unique entities.

Webinar Highlights:
• Case Study #1 An... Details
CIP and CDD
Webinar | 1 1/2 Hours | CE Credits: 2.0

Originally, you wrote your CIP in 2003. Is it time to change? If you have any of the questions below, we will explore changing your CIP in light of new systems, processes and technology in 2018. Your program should shift with the new technologies and identifications in the market place. This program will look line-by-line at the regulation and point out avenues of change to explore in 2018.

If there is an elephant ... Details
Customer Due Diligence Update
Webinar | 1 Hour

New FAQs on obtaining customer information

The Financial Crimes Enforcement Network (FinCEN), in consultation with the federal functional regulators, issued three frequently asked questions (FAQs) regarding customer due diligence requirements for covered financial institutions. These FAQs clarify the regulatory requirements related to obtaining customer information, establishing a customer risk profile, and performing ongoing monitoring of... Details
Customer Due Diligence Update
Webinar | 1 Hour

New FAQs on obtaining customer information
The Financial Crimes Enforcement Network (FinCEN), in consultation with the federal functional regulators, issued three frequently asked questions (FAQs) regarding customer due diligence requirements for covered financial institutions. These FAQs clarify the regulatory requirements related to obtaining customer information, establishing a customer risk profile, and performing ongoing monitoring of the... Details
Implementing Regulation CC Changes for the July 1 Deadline
Webinar | 1 1/2 Hours

The Consumer Financial Protection Bureau and the Federal Reserve Board jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers. The amendments apply in circumstances ranging from next business day withdrawal of certain check deposits to setting the threshold amount for determining whether an account has been... Details
Is Your Account Holder Hiding Money?
Webinar | 1 1/2 Hours | CE Credits: 2.0

Schemes involving business emails, real estate, perfume and electronics in today's criminal market.

Does your account holder hide money? If so why? Is there a family issue such as gambling or divorce? Or is the account holder hiding money from the government? This program is designed to help you detect the how, where and why of hiding money and how it can be incredibly important to your BSA program. This program... Details
Money Service Businesses
Webinar | 1 1/2 Hours | CE Credits: 2.0

Does your financial institution have NBFI’s and/or MSB’s as account holders? Is it a challenge to identify those account holders, assess the potential risks they pose to your institution, and monitor those accounts on an ongoing basis? Designing and implementing an effective BSA/AML compliance program that incorporates an effective means of identifying and monitoring these accounts can be difficult.

Topics... Details
Opening Accounts for High Risk Customers
Webinar | 1 1/2 Hours | CE Credits: 2.0

Today’s decision to bank or not to bank high risk customers has been called a movement to de-risk. De-risking means to choose not to bank a whole group of customers. This process is being criticized as perhaps not being in the best interests of the country since there will be groups who find it difficult to find banking services. It may send industries into virtual currency and cash which make them less transparent. Perfect... Details