2020 BSA/AML Workshop
This program is designed to enhance the skills of your Bank Secrecy Act (BSA) and Anti‐Money Laundering (AML) support staﬀ, your independent audit team, and any personnel responsible for managing and maintaining a strong BSA and AML program. Expand your staﬀ’s understanding and expertise in some of the most critical skills they will ever possess – skills that can protect your profits in these very challenging times of tight margins and sustained high expectations.
Published regulatory exam priorities continue to identify BSA and AML as a primary focus in 2020. Join us for our annual update to our Bank Secrecy Act fundamentals to ensure you are maintaining the appropriate program commensurate with your bank’s program tools and techniques to match current trends. We will focus heavily on the finalized Beneficial Ownership Rules to be implemented and the FinCEN Cybersecurity resources. As soon as we think we have the patterns pegged, the criminals quickly develop new and trickier ways to hide in plain sight. There’s been absolutely no decline in the expectation for us to perform more and more due diligence to know our customer and identify unusual or suspicious customer activity. Despite the regulatory challenges we are facing, BSA and AML expectations have not subsided. Examine the expanded, useful risk-assessment and review techniques that can be gleaned from a wide variety of reliable and free resources. Learn how to immediately apply them to your high-risk customers. Lots of great tools to enhance your customer due diligence program whether you think you have high-risk customers or not. No need to feel overwhelmed by existing customer due diligence responsibilities (CDD) and the new electronic payment channels that are taking over financial settlement today. We’ll help with some tips and tools to get your program updated and compliant. Also, new this year will be discussion on cannabis banking.
Patti Blenden of Financial Solutions will lead our program to discover new and improved solutions to the ever‐expanding regulatory challenges. We will discuss the latest developments regarding risk assessment, criminal activity patterns indicating increased problems and bank-reporting responsibilities that accompany those scenarios. Join us for the review of an updated and expanded risk- assessment methodology, including the required elements for documenting your bank’s risk assessment. Learn from others’ mistakes by reviewing the latest BSA/AML enforcement actions and how the criminals and terrorists are expanding their use of electronic payment methods, prepaid cards and just about anything else they can get their hands on.
Join us as we learn more tricks and tips to maximize your programs designed to comply with these very important issues facing every financial institution. We’ll learn, we’ll laugh and we’ll vent a little. Most importantly, we’ll be ready to face the latest version of BSA and AML challenges with a few more eﬀective tools. Come get more great solutions and be prepared for the next level in the war against money laundering and terrorist financing.
Wednesday, February 5, 2020
9:00 a.m. – Registration
9:30 a.m. – Program Featuring Patti Blenden Begins ‐ This session will review the Current BSA/AML Exam Manual BSA/AML Regulatory Program Expectations
Four Pillars of BSA Compliance Programs
Fifth Pillar: Customer Due Diligence, including final Beneficial Ownership Rules
Road Map to Success: Current BSA/AML Exam Trends Risk Assessment
Expanded Risk Assessment Requirements
Geography: Countries of Concern, HIDTAs, HIFCAS, Bulk Currency Corridors
Customer Identification Program (CIP) Consumer Customer Due Diligence, Enhanced Customer Due Diligence, High‐Risk Products and Services
Third Party Payment Processors, Mobile Banking Customers, New Payment Methods
Banking Foreign Customers
Noon – Luncheon
12:45 p.m. – Customer Due Diligence (CDD) Consumer Customer Due Diligence
Commercial Customer Due Diligence, Enhanced Due Diligence
Beneficial Ownership Rules & Preparing for Implementation
Currency Transaction Reports (CTR) and CTR Exemptions
CTR Tips and Tools
Phase I and Phase II Exemption Rules
Suspicious Activity Reporting (SAR)
Robust SAR Program Guidelines
Critical Components for an Eﬀective Monitoring and Reporting Program
Finesse your Narratives to Prompt Attention from Law Enforcement
Cybersecurity Incidence Guidance
Oﬃce of Foreign Asset Control (OFAC) Program
Screening Responsibilities and Match Resolution
HIDTA, HIFCA, PEPs, FBI Most Wanted, Countries of Concern and other Watch Lists
Hot Spots to Watch For, Including Recent Enforcement Actions
BSA Training for Everyone
Function ‐ Specific Training for Employees: New Hires and New Jobs
4:00 p.m. – Adjournment
Certificate of Training will be Provided.
Thursday, February 6, 2020
8:00 a.m. – Registration
8:30 a.m. – Program Featuring Patti Blenden
Money Laundering and Terrorist Financing Trends
Core Money Laundering Indicators
Eﬀectively Fighting Fraud, Money Laundering and Terrorist Financing
Money Laundering Threat Assessment and Industry Trends
Risk Assessment, to include Inherent Risk and Residual Risk High Risk Areas of Concern
FinCEN’s Recent SAR and New Trends in Money Laundering
Human Traﬃcking and Human Smuggling
High-Risk Product and Services Update
Same-Day ACH and Other Payment Methods
Terrorist Financing Methods
Virtual Currency and the Electronic Payment Revolution
Suspicious Activity Report (SAR) Case Studies
Noon – Luncheon
12:45 p.m. – A Session with the Experts in the Field Case Studies and Success Stories
Representatives from the Following Agencies will address the Workshop:
U.S. Department of Homeland Security
U.S. Department of Treasury
U.S. Attorney’s Oﬃce
The Federal Reserve Bank of Richmond
3:30 p.m. – Adjournment
Certificate of Training will be Provided
Please Register Before Wednesday, January 29, 2020
Lunches are included in the registration fee.
Due to necessary commitments and expenses, there will be no refunds of registration fees after noon on Feb. 3, 2020.
SUBSTITUTIONS CAN BE MADE.
You Can Register for One or Both Days – Handouts will be Emailed Prior to the Workshop
About the Speaker
Patti Joyner Blenden founded Financial Solutions in 1990 to provide community financial institutions with effective solutions for the ever increasing need for cost-effective regulatory risk management. The company provides compliance reviews, in-house training, compliance policy and procedure development and other special projects for community bank clients. Patti’s ability to transform complex requirements into simple, practical solutions is bound by a deep conviction that “excellence is not optional,” easily translating into effective answers for community bankers. Patti firmly believes that being a community banker is all about the size of your heart, not the size of your bank’s assets! She has a thorough understanding of the current regulatory environment and is able to integrate, streamline and automate related priorities without compromising compliance or performance. Ms. Blenden is a frequent presenter for the ABA where she serves as a board and faculty member for the National, Intermediate and Graduate Compliance Schools. Additionally, Patti has developed and delivered many ABA briefing/webcast series on mortgage requirements and many other compliance subjects. She works extensively with many state and regional banking associations, and has been an invited speaker for various State and Federal regulatory and law enforcement agencies. In addition, Patti speaks at many national and state compliance seminars, schools and conferences, conducts in-bank training and serves as Editor of the national compliance publication, Compliance Action, www.bankersonline.com/ca. Her high energy style and slightly wicked sense of humor combine to provide entertaining, effective, successful and compliant solutions that will leave a smile in your heart. Patti has a B.S. degree in Accounting from Louisiana Tech University and earned her Certified Public Accountant certification in 1984. She has over 37 years of banking experience and is a Certified Regulatory Compliance Manager.
You are responsible for your own hotel reservations. A small block of rooms has been reserved for February 5 at the Courtyard Marriott @ USC, 630 Assembly St., Columbia. Call 803.799.7800 for reservations. Identify yourself as attending the SCBA Conference. The block will be held until January 14, 2020, with a special SCBA room rate of $142.00, plus tax per evening. Please make reservations prior to this date, as rooms will be released to the general public afterward. Rooms fill very quickly!