Recorded: March 9, 2010
Length: 60 Minutes
It's that time of the year again…time to satisfy your annual BSA training requirement! Let us help you accomplish this for 2010. While we have seen a plateau in BSA enforcement actions from the banking agencies in the past 18 months, it is still a compliance requirement that cannot be ignored at community banks. During this 1-hr long audio conference, we will briefly review the core BSA elements as well as discuss the BSA hot topics including:
- FinCEN's Update on Filing SARs for Loan Modification and Foreclosure Rescue Scams
- Structuring a Community Bank's Monitoring Program to Include Your Bank's Loan "Watch" List for SAR Purposes
- New Final Rule Extending 314(a) Information Search Mechanism to Certain Foreign Law Enforcement Agencies and State/Local Law Enforcement Agencies (Effective 2/10/10)
- FinCEN's Release of Guidance Addressing the Types of Information Allowed to be Shared under the 314(b) Mechanism
- Filing SARs for Unusual Activity in Connection with TARP-related Programs
- New FinCEN Ruling on Address Confidentiality Programs and CIP Requirements
- Treatment of Deposits by Armored Cars for Currency Transaction Report (CTR) Purposes
As stated in the FFIEC's BSA/AML Examination Manual, BSA training must be ongoing and incorporate current developments and changes to the BSA and any related regulations. This audio conference will provide you with the necessary resources to train the rest of your community bank staff on BSA current events that are relevant within the community bank environment. We look forward to having you join us on March 9th!
Speaker: David M. Bequeaith, CCBCO, CRCM Bequeaith Banking Solutions, Principal
David is founder and principal consultant for Bequeaith Banking Solutions, LLC. His company specializes in risk management by providing compliance, loan portfolio monitoring and regulatory assistance to financial institutions on a local and regional basis with additional national exposure through delivery of two well-known training and speaking programs.
For more information, call 800-422-7285.