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10 Compelling Reasons Why You Need BSA Training - Tips & Tools

A Bank Secrecy Act (BSA) officer has the responsibility to design, develop and implement all aspects of an effective BSA compliance program. Her primary task is to ensure that the compliance programs in her bank are up to date.
However, it is common knowledge that most BSA officers lack the resources needed for creating their own compliance program. Implementing a BSA compliance program is complex also because it requires:
  • Annual updates
  • A board appointed BSA officer
  • A BSA policy
  • Face-to-face training, and
  • A system of internal controls (checklists) to monitor for suspicious activity.
Because of this, BSA officers need to have a deep understanding of this Act. The BSA officers are expected to display a good level of logic and reasoning into their compliance program. This requires them to not only understand what they need to do, but to also have a grasp of why and how they need to do it.
Office-Desk-Deep-Thought
Traininng.com, a leading provider of professional training for all the areas of regulatory compliance, is organizing a sixty-minute webinar on September 19, at which all these aspects of a Bank Secrecy Act compliance program will be explained. Doug Keipper, a Certified Anti-Money Laundering Specialist, will be the speaker at this session. Please enroll for this valuable learning program by visiting https://www.traininng.com/webinar/bsa-training---tips-&-tools--201037live
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This webinar is a complete primer on the BSA compliance program, having been developed from conversations with FBI, Department of Homeland Security, Banking Regulators and the Financial Task Force of the DEA. Since carrying out annual updates is a quintessential part of implementing the BSA program; this webinar is designed to offer them the tips and tools needed to keep training their staff on a yearly basis.

The aim of this webinar is to equip BSA officers with the knowledge needed to create their own program, for which most banks and credit unions have to stretch their resources. This training will help the participants go beyond just the training needed to understand how to implement their BSA compliance program. They will be able to gain mastery of the material they use for training to such an extent that they will become the subject matter expert in their financial institution.
This expertise will help them present BSA for the new employees, front line staff, lending department and board of directors and make them some kind of a “go to person” for BSA. It is designed to be a "Train the Trainer" course or an annual training for all employees.
This webinar will cover the following areas:
  • Resources available for further study
  • Board of Directors Training
  • Loan Officers Training
  • Front Line Staff Training
  • How to incorporate BSA training into your financial institution
Financial Officers, Secrecy Act Officers, Front Line Staff, Risk Officers, Operational Managers, BSA Analysts, BSA Investigators, CFO's, and Bank or Credit Union Operations Officers are some of the personnel for whose benefit this webinar is being organized.
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About the speaker:
Doug Keipper, a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and a former Bank Secrecy Act officer and compliance officer, spent over 20 years in retail banking, wholesale mortgages and financial services. Doug sold BSA software for eight years and has taught anti-money laundering classes.

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