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FFIEC BSA/AML Examination Manual: What Compliance Officers Really Need to Know?
- CDD and Beneficial owner for legal entity customers examination changes
- AML Risk Assessment
- Suspicious Activity and Currency Transaction Reporting
- Currency Transaction reports (CTR)
- Identifying red flags
- International Transportation of Currency or Monetary Instruments Reporting (CMIR)
- Automated Clearing House (ACH) Transactions and Third-Party Service Providers
- Embassy, Foreign Consulate, and Foreign Mission Accounts
- Non-Bank Financial Institutions
- Cash Intensive Businesses
Overview of the webinar
This webinar will go through the revised FFIEC Bank Secrecy Act/Anti-Money Laundering Examination Manual to highlight changes and areas where banks should review their internal policies, processes and procedures for compliance. Understanding these changes will keep you prepared and updated for your next BSA/AML examination. We will discuss best practices when it comes to examinations.
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?
The agencies that comprise the Federal Financial Institutions Examination Council (FFIEC) released an update of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. The revised manual provides current guidance on risk-based policies, procedures, and processes for banking organizations to comply with the BSA and safeguard operations from money laundering and terrorist financing.
This webinar will go section-by-section of the manual to highlight areas where banks should review their internal policies, processes and procedures to ensure they are in compliance and discuss changes to BSA requirements.
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.