What the Bank's Board Must Know about the Bank Secrecy Act

Duration: 60 Minutes
Compliance issues and reputational success demands Board of Directors to understand the financial institution's obligations under the Bank Secrecy Act (BSA). Regulatory expectations are that senior management demonstrates cultural leadership in the organization's BSA/Anti-Money Laundering efforts. But what does this mean, and how do we implement this in a manner appreciated and understood by our employees, customers and the regulatory community? This one hour training program focuses on the Board of Directors' role and duties under the BSA/AML guidance, as was recently amended.
Bank Secrecy Act
Instructor: William T. Repasky
Product ID: 506323
Objectives of the Presentation
  • FFIEC's BSA Exam directives of concern to Directors
  • Putting FinCEN's regulatory expectations into practice
  • Doing and showing what is expected of the Board in the Minutes
  • High level overview of the most recent changes in the "Beneficial ownership" Customer/Member Due Diligence, and "high-risk" customer expectations
  • How to get the USA Patriot Act's CIP requirements right
  • Leading the organization's BSA efforts towards building a better brand
Why Should you Attend
Financial institutions' functional regulators require that Senior Management and the Board understand and support their organization's BSA/AML compliance efforts. Training tailored to Boards and executives is necessary and is valuable for the institution's brand. Getting compliance wrong can damage a business' good standing and can cost Hundreds of Thousands of dollars in regulatory fines and remedial expenses.

Areas Covered
  • Overview of the key laws and regulations in this area
  • What the most recent amendments are and what they mean for your institution's compliance obligations
  • How to build, and prove you have built, a "culture of compliance," as so often mentioned by examiners
  • The right way to empower your compliance staff
  • War Stories of actual compliance enforcement actions and their real-world consequences
Who will Benefit
This informative session is designed for financial institutions, including bank and credit union's:
  • Board of Directors
  • Director's Committees
  • Executive & Senior Management
  • BSA Compliance Officer
  • Fraud Investigators
  • BSA Compliance Staff personnel
$300
Recorded Session for one participant
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  $450.00 Training CD
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  $550.00 Training USB Flash Drive
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
William "Bill" Repasky is a Member with Frost Brown Todd, LLC. He is current Chair of the Firm's Financial Services Litigation Practice Group. He is a frequent commentator, author and lecturer on electronic banking, payments and financial institution regulatory compliance matters. He was formerly in-house counsel for one of the country's largest national banks and also for a leading credit/debit card processing company. He obtained his law degree from Vanderbilt University, and did his undergraduate work at the University of Michigan.


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