AML/CFT (BSA) for the “Front-Line” – Customer / Member Facing Staff

Recorded: November 19, 2024
Presented by: Mark Dever, AAP, CAMS, Director, Forvis Mazars, LLP

The year 2024 marks the 54th anniversary of the passage of the Bank Secrecy Act (BSA). Under the Act, all employees must participate in BSA training. This one-hour webinar will provide the members of the “front-line” with an update on the Bank Secrecy Act and review their roles and responsibilities under the implementing regulations.

Here’s What You’ll Learn:

• Review the background, evolution, and institutional tenants of the BSA;
• Identify employee responsibilities and accountabilities;
• Understand Customer/Member Due Diligence (CDD/MDD);
• Discuss Suspicious Activity Reporting (SAR), the process, the basics, and confidentiality requirements;
• Review possibly “suspicious” transactions;
• Identify recent FinCEN guidance; and
• Allow questions from participants.

Recent well-publicized BSA enforcement actions, fines, and deferred prosecution agreements continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. This one-hour webinar from ProBank Education Service powered by FORVIS will provide the “customer/member facing” staffs with a current “snapshot” of their requirements under the Bank Secrecy Act.