This full-day seminar highlights the increased federal expectations for Bank Secrecy Act (BSA) and fulfills BSA key personnel's annual training requirement imposed by the FFIEC examination guidelines. The newly revised CTR, SAR and DOEP forms, along with the mandated electronic submissions of such will be discussed. The increasing importance of Member Due Diligence standards, "Beneficial Ownership expectations," and "High-Risk" client monitoring will be reviewed. The impacts to financial institutions from the periodic expansions to the revised examination procedures will be identified. Institutional risk assessment will be reviewed, and the procedures on the reporting of Cross-Border Electronic Transmittals of Funds (CBETF – anticipated) will be covered.

 

New Forms - CTR, SAR and DOEP

Electronic Submission and Revision of BSA Forms

Money Services Businesses (MSB) - new rulings

CISADA Information Requests

Revised Examination Procedures – latest updates

Cross-Border Electronic Transmittal of Funds (CBETF) – new rules (anticipated)

Suspicious Activity Report (SAR) – latest rulings

Member Due Diligence – “high risk clients” 

Money Services Businesses (MSB) – new rulings (anticipated)

OFAC Compliance

Money Laundering Techniques and Suspicious Transactions

 

Currency Transaction Reporting (CTR – FinCEN Form 104)

CTR Exemption Opportunities

Customer/Member Identification (CIP)

Foreign Correspondent Bank and Private Banking EDD

SAR for Insurance Affiliates

Record Retention Requirements

Information Sources

 

Participants will receive a detailed manual with narrative explanations of regulatory requirements and examination procedures.

 

Mark W. Dever, AAP, Senior Consultant, Professional Bank Services

 

Mark joined PSB in 1996. Prior to that time, he was vice president and manager of cash management operations for a multi-billion dollar regional bank holding company with several affiliates. He has extensive experience in many areas including the automated clearing house (ACH), domestic wire transfer, affiliate bank post-acquisition conversions and consolidations, bank operation centralizations and payment system risk.

 

The Holiday Inn Dayton/Fairborn is located at 2800 Presidential Dr., Fairborn, OH 45324, 937.426.7800.

 

Registration will be from 8:30 a.m. – 9:00 a.m.; continental breakfast and lunch will be provided.

Corporate One members – complimentary for the first two attendees; $99 per person for subsequent attendees.

Non-Corporate One members - $149 per attendee.

 

You will be invoiced after the event.

 

Registrations are processed on a first-come, first-served basis. If you have any questions about enrollment or require special accommodations, please contact Hillarie Michaels at 866/MyCorp1 ext. 9334 or hmichaels@corporateone.coop.