Two days workshop on
AML/BSA Boot Camp
Coming soon.. Please contact customer care for new schedule at +1-510-857-5896
Course Description
The BSA / AML / OFAC Compliance Officer is responsible for developing, implementing and administering all aspects of the Bank Secrecy Act Compliance Program, and for assuring that the bank is in compliance with the Bank Secrecy Act, USA Patriot Act, OFAC, and all other applicable laws.

Currency Transaction Reports and Bank Secrecy Act began in 1970. While the basic premise has remained the same, the amount of bureaus and regulations has reached staggering proportions. The BSA exam manual is now 442 pages. The Treasury Department has designated FinCEN, Financial Crimes Enforcement Network, to oversee the Bank Secrecy Act. Civil Monetary Penalties for non compliance from thousands to millions of dollars continue to make headlines. Willful disobedience can be blamed on the board of directors down to the compliance department.

The federal government requires all banks and credit unions to have a board designated Bank Secrecy Act Officer. FinCEN also requires the BSA Officer and team are well qualified and trained to carry out the duties of this important position. Employees at the financial institutions are required to have initial and ongoing training on money laundering and BSA. Many people choose to outsource employee training, but this course will teach the teachers how to teach. You will be recognized within the bank or credit union as the go to expert.

This interactive two day class prioritizes and focuses on the framework, education and tools needed to properly manage this department within a financial institution. Attendees will participate in case studies, discussions and real world scenarios that they can take back to their departments to implement regardless of their asset size.

Learning Objectives
  • Learn how the four pillars of BSA need to be implemented with appropriate policies and procedures to effectively manage compliance within the laws
  • Learn different agendas to train the board of directors, lenders, loan processors, customer service, tellers and other front line staff
  • Learn about monitoring for and completing currency transaction reports
  • Learn about monitoring for and completing suspicious activity reports
  • Learn how to bank money service businesses that they and your bank will appreciate
  • Learn how the roles of FinCEN, OFAC and the USA Patriot Act impact your institution
  • Learn how to think like a crook so you develop that "gut feeling"
Areas Covered
  • 4 Pillars of BSA/AML Program
  • Board Training and Job Specific Training
  • Case Studies
  • Currency Transaction Reports
  • Suspicious Activity Reports
  • Money Service Businesses
  • FinCEN
  • OFAC
  • USA Patriot Act
  • Customer Identification Program
  • Customer Due Diligence
  • Enhanced Due Diligence
Who will Benefit
  • Bank Compliance Officers and Assistants
  • Bank Secrecy Act Officers and Assistants
  • Bank Secrecy Act Analysts
  • Credit Union Compliance Officers
  • Internal Auditors
  • Staff with BSA/AML oversight responsibilities
  • Risk Managers
Agenda

Day 1 (8:30 am - 9:00 am: Registration Process)

Why BSA? How did it get started? How to operate it? (9:00 am)

How to take notes (9:15 am)
  • 1. Items to study
    2. Need action plan to implement
    3. Need to update policy or procedure
4 Pillars of BSA/AML Program (9:30 am)
1. System of internal controls to monitor compliance
  • a. Currency Transaction Reports
    b. Monetary Instrument Logs
    c. Wire Transfers
    d. Paypal and other virtual or digital currency
2. Independent testing
3. Board designated BSA Officer/staff
4. Training for staff - How to train your board and employees

Break (10:30 am)

Board Training (10:45 am)

Job Specific Training (11:00 am)

Front Line Training (11:15 am)

Morning wrap up. Case Study (11:45 am)

Lunch (12:00 pm)

Currency Transactions (1:00 pm)
  • 1. Aggregating Large Currency Transactions
    2. The New "BSA - CTR"Electronic Form
    3. CTR Exemptions
    4. Monetary Instrument Logs
CTR Case Studies (2:00 pm)

Break (2:15 pm)

Suspicious Transactions (2:30 pm)
  • 1. Detecting
    2. Investigating (Including proper use of the 314b Voluntary Sharing to make your investigations more effective)
    3. Reporting - The New "BSA-SAR" Electronic Form
SARS by the numbers (3:30 pm)

Break (3:45 pm)

Money Service Businesses (4:00 pm)

Day 1 review. Case Study. How would you launder money? (4:30 pm)

Dismiss (5:00 pm)
Day 2 (9:00 am: Workshop start)

Day one review (9:00 am)

The role of FinCEN (9:15 am)

The role of OFAC (9:30 am)

USA Patriot Act (9:45 am)

314A scans and other watch lists (10:00 am)

Discuss current exams (10:15 am)

Break (10:30 am)

Risk Assessment (10:45 am)
  • 1. Tailoring to the Financial Institution
    2. Risk Rating of Customers
Morning wrap up. Case Study (11:45 am)

Lunch(12:00 pm)

CIP (Customer Identification Program) (1:00 pm)

CDD (Customer Due Diligence) (1:30 pm)

EDD (Enhanced Due Diligence) (2:00 pm)

Break (2:30 pm)

BSA tools and software (3:00 pm)

BSA for Tellers: Detecting Suspicious Activities (3:30 pm)

Case Studies, Questions, Wrap up (4:00 pm)

Dismiss (4:30 pm)

















Dr. Gina J. Lowdermilk - President and CEO, Platinum Endeavors LLC


Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.