WR Seminar: Identifying Your Bank's BSA Risk

06/19/2014 - 06/19/2014

Newport Beach, CA

Program Time: 8:30 a.m. - 4:30 p.m.

This interactive workshop will focus on regulatory expectations and current challenges of an effective BSA/AML Compliance Program. We will review the various types of money laundering and how to identify high risk transactions along with reporting requirements. We will also discuss current issues facing financial institutions including virtual currency, e-Banking, legality in banking marijuana dispensaries, and managing third party risks. The various expectations of a model validation will also be covered.

  • Hot topics related to BSA/AML
  • Components of an Effective Risk Assessment
  • Strong Customer Due Diligence
  • Identifying High Risks Transactions and Reporting
  • Managing Third Party Risks
  • Distinction between Fraud and Money Laundering
  • Global and Domestic Money Laundering and their relationship
  • Independent Auditor expectations

About the Instructor:
Hoi Luk
is responsible for project management oversight. His regulatory compliance, risk management, and internal audit experience spans more than 20 years, with specialties in the Bank Secrecy Act (BSA), regulatory compliance, residential mortgage lending, and asset quality reviews.

Hoi was a Regional Director at the world's largest global provider dedicated to banking and payments technologies; and was a Director at a leading national business consulting, accounting, and tax firm, where he was responsible for risk management consulting services. He has been a Compliance Analyst and an Assistant Compliance Officer for Southern California banks.

Hoi joined Moss Adams LLP in June 2013 and devotes all of his time to consulting with financial institutions regarding operational and regulatory compliance matters, performing and managing operational audits and regulatory compliance reviews, and conducting risk assessments and anti-money laundering audits.

Who should attend:
BSA Officer, BSA Analyst, Compliance officer, Compliance Analyst, Operations staff, Lending Staff.

Class Location:
CIB Conference Center, 4685 MacArthur Court, 3rd Floor, Newport Beach 92660

Hotel Information:
CIB has not secured a room block for this program. Should your travel plans require a room, please contact CIB directly at (800) 627-6613 or gocib@cib.org for a list of hotels within walking distance to the meeting location.

Nonmembers: $375

Prerequisites: No previous experience and training is necessary.

7.5 CPE Credits

Program Level: Basic-Intermediate