October 2023 Virtual BSA School – Day 1: BSA Basics

Description

Day 1: BSA Basics – October 17, 2023 9:00 AM – 4:30 PM ET

This session is designed for the new BSA personnel or those wanting a refresher on the basics. We will cover an overview of the BSA, what drives your program and what to include in your program. The morning will cover 314(a), 314(b), Customer Identification Program (CIP) basics, CTRs Step-by-Step and Monetary Instrument/Funds Transfers requirements.
In the afternoon session, we will cover the basics of monitoring, software/data overview and conducting customer reviews. We will also cover SARs Step-by-Step and conclude the day with an overview of the OFAC requirements.
Attendees will be given tools to assist in setting up a solid BSA program.

Day 1: BSA Basics Agenda

9:00 am – 9:30 am – Introduction to BSA
9:30 am – 9:45 am – 314(a) and 314(b)
9:45 am – 10:30 am – CIP (Customer Identification Program) Basics
10:30 am – 10:45 am – Break
10:45 am – 11:45 am – CTRs Step-by-Step
11:45 am– 12:00 pm – Monetary Instruments/Funds Transfers
12:00 pm – 1:00 pm – Lunch
1:00 pm – 2:15 pm – Monitoring Basics & Software/Data Overview
2:15 pm – 2:30 pm – Break
2:30 pm – 2:45 pm – Conducting Customer Reviews
2:45 pm – 3:45 pm – SARs Step-by-Step
3:45 pm – 4:30 pm – Overview of OFAC