RELEASE DATE: AUGUST 16, 2021
ESTIMATED DURATION: 120 MINUTES
With each year comes new challenges for BSA officers. New types of fraud, a never ending stream of new account openings, BSA alerts, and unusual characters wanting to do all kinds of crazy things through ATMs, Shared Branches, Remote Deposit Capture, and Person 2 Person apps – making you scratch your head at how people can even come up with so many ways to commit fraud. Add in the PPP loan and Economic Injury Disaster Loan fraud, there’s been hardly a dull moment in the BSA arena. If you’ve found yourself more than a few times scratching your head saying “Say what? They did that? How?” you are not alone. In this session we start with the basic requirements for BSA Officers and then move quickly on to all that’s new on the BSA front including:
- New (and not-so-new) BSA requirements recently signed into law and FinCEN’s obligations
- FinCEN advisories and guidance
- Enforcement actions, law enforcement cases, and examples of money laundering in the news
- BSA Officer duties and credit union BSA and OFAC obligations
- Newly added red flags for COVID-related SARs
- Pending CTR reporting changes
Looking for more BSA training?
- Click here to learn about training on Bank Secrecy Act (BSA) Compliance for Frontline Staff
- Click here to learn about training on Bank Secrecy Act (BSA) Compliance for Lenders
- Click here to learn about training on Bank Secrecy Act (BSA) Compliance for Volunteers
MEET THE PRESENTER
Mary-Lou Heighes started her financial institution-related career in 1989, working in the areas of lending, marketing, collections, and a LOT of “other duties as assigned” in many areas of operations. After 5 years she transitioned to a compliance role at a state trade association providing answers on the compliance hotline, writing articles on changing regulations and providing assistance to state and federal governmental affairs departments regarding proposed laws and regulations affecting financial institution operations.
In 2000 she founded Compliance Plus, Inc. to provide more direct assistance to financial institutions struggling with day-to-day compliance challenges. In this capacity she uses her 25 years’ compliance knowledge to provide phone and e-mail support to retainer clients, in-house consulting and training, and website and marketing compliance reviews. She also speaks around the country on compliance issues for various state trade associations, at industry conferences, and of course webinars.