October 2023 Virtual BSA School Two Day Special – Day 1 & Day 3

Description

Day 1: BSA Basics – Tue, 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

Day 3: Advanced BSA (Part 2) – Thu, October 19, 2023 9:00 AM – 4:30 PM ET

The focus of Day 3 is the FinCEN Priorities. We will begin the day with the overview of the priorities and then delve into each one and see how they all overlap. The morning topics will cover Corruption including a PEP discussion, Domestic and International Terrorist Financing as well as Proliferation Financing. We will conclude the morning with the deleted FinCEN alert on Human Smuggling.

The afternoon will begin with various types of trafficking including sexual servitude, labor, and wildlife trafficking. We will also discuss Elder Abuse tied with trafficking and Elder Financial Exploitation. We will give some recent concerns with Fraud, Cyber and Cyber Crimes, as well as Virtual Currencies and Central Bank Digital Currencies. We will only briefly touch on Cannabis and some other drugs that have been making the news throughout 2022.

Attendees will be given a variety of resources to enhance their BSA program.

Day 3: Advanced BSA (Part 2) Agenda

9:00 am – 9:30 am – Introduction and Overview of FinCEN’s AML/CFT Priorities
9:30 am – 10:00 am – Corruption/PEPs
10:00 am – 10:30 am – Domestic & International Terrorist Financing
10:30 am – 10:45 am – Break
10:45 am – 11:10 am – Proliferation Financing
11:10 am – 11:20 am – Drug Trafficking
11:20 am – 12:00 pm – Smuggling & Trafficking Overview including FinCEN’s Deleted Smuggling Alert
12:00 pm – 1:00 pm – Lunch
1:00 pm – 2:00 pm – Sexual Servitude, Labor Trafficking, & Wildlife Trafficking tied to TCOs (Transnational Criminal Organizations)
2:00 pm – 2:15 pm – Break
2:15 pm – 2:30 pm – Elder Abuse and how it is tied to Human Trafficking and Elder Financial Exploitation
2:30 pm – 3:20pm – Fraud & Cyber/Cyber Crime
3:20 pm – 4:15 pm –Virtual Currency and Central Bank Digital Currencies (CBDCs) monitoring)
4:15 pm – 4:30 pm – Cannabis & Other Concerns