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BSA and OFAC Staff Annual Training 2021
- Know Your Customer Programs—CIP and CDD
- Beneficial ownership issues
- New rules on CTRs and CTR changes that are pending on business accounts
- COVID Red Flags for Money Laundering
- PPP Loan Red Flags
Overview of the webinar
During this program we will cover the key foundational sections of the Bank Secrecy Act. From CIP and CDD to Beneficial ownership, your journey will hit the changes pending as well as the same core elements that form a good program to prevent money laundering. Your staff will have some training on the crimes that are important in 2021 and increasing risk in the world. Update your staff on the new AML 2021 law passed and OFAC changes. Fresh new information on BSA and OFAC for your staff
Who should attend?
- BSA/AML Compliance Officers at banks and MSBs
- Front Line BSA/AML Staff
- Internal and Independent Auditors
- Bank and MSB Staff with Roles and Responsibilities in BSA/AML Management and Oversigh
- Risk and Compliance Management
- Consultants in the AML/BSA Industry specializing in MSBs
- Compliance Officers
- Lenders
- Operations Personnel
- Branch Managers
- Assistant Branch Managers
- Customer Service Reps
- Risk Officers
- Collectors
- Trainers
Why should you attend?
- Referring suspicious behaviour to your BSA officer
- What happens when your customer asks you not to file a CTR? Bribes you?
- What can you say and how do you say it on inquiries about CTRs?
- Travel Rule and Monetary Instruments recordkeeping
- Funnelling, Cash Deposits, Micro structuring
- Money mules
- New AML Act implications
Faculty - Mr.Justin Muscolino
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously he served as Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager.Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function.