Skip to main content

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
-----------------------------------------------------------------------------------------------------------------
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.
----------------------------------------------------------------------------------------------------------------
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.
Labels:

Comments

Post a Comment

Popular posts from this blog

The Proper Way to Correct I-9 Documents and Not Pay Penalties

Surprising as it might sound, many employers are either unaware of I-9 documents penalties and fines, or are willing to take the risk of noncompliance. This is a very bad situation to be in, something that has been compounded by the fact that the regulatory agencies are communicating more than ever before on this topic. The way in which the departments communicate with each other makes it easier for them to target employers. Yet, the fact is that most complaints come from disgruntled employees, while others come from audits of target industries. Moreover, the DHS developed a new I-9 Form effective from January 21, 2017, which has to be used immediately. This makes it imperative for employers to be aware of all the new guidelines for completing the new I-9 form as well as the ongoing regulations. A webinar that is being organized by Traininng.com, a leading provider of professional training for all the areas of regulatory compliance, will give proper understanding and perspective on ...
Post a Comment
Read more

Changing Behavior: Why Rewards and Punishments Often Aren't Enough

Major changes have been taking place at the workplace. Today, the workforce is no longer a staid or static one. It is lively, vibrant and mobile. No organization can expect to retain a workforce in which wholehearted appreciation is not forthcoming or where the employees do not make a difference. Organizations judge employees on the quality of their own work, but also that of their team members. This makes it necessary for individuals to assist their team members and help them raise their standards. However, with each employee being unique, one standard method or principle cannot be applied across the board. Team members, especially Leads and Managers, need to learn the fundamentals of human motivation if they have to motivate and engage each employee and the entire team for top performance in tune with their unique strengths, attitudes and skillsets. Some of the questions they have to pose to themselves and be able to answer include: What works well and what doesn’t? How effecti...
Post a Comment
Read more

Undeniable Proof That You Need Construction-OSHA 2019

Many employers consider an OSHA Safety Program as a burden on their time and resources. They could not be more mistaken in their thinking than this. Considering an exercise that potentially saves them hundreds of thousands of dollars as being such is nothing other than a misplaced notion. It is only when employees suffer from injuries at the workplace and OSHA discovers that the workplace did not have the proper OSHA regulations in place that employers start feeling the heat of the non-implementation of this regulation. It is to help them avoid such a scenario that Traininng.com, a leading provider of professional training for all the areas of regulatory compliance, is offering a webinar on September 24. For this session, Traininng.com brings the well-known California-based independent broker, Gary Heppner, as the expert. Please log on to https://www.traininng.com/webinar/occupational-safety-and-health-administration-in-construction-osha-2019--201075live to register for this session...
Post a Comment
Read more