If you are not a KBA member, please contact Jamie Hampton at jhampton@kybanks.com for the possibility of attending at a non-member rate.
Online registrations are followed up with an email confirmation. Once an online registration is started you must click proceed to check-out and then click submit to finalize the registration. Registrants can view events they are registered for by using the MyKBA link on https://www.kybanks.com.
This seminar provides a complete overview of Bank Secrecy Act (BSA) regulatory requirements, how to spot AML red flags, and to develop a comprehensive CDD profile of customers. This course incorporates case studies to demonstrate real world examples. This course is for those in retail, bookkeeping, lending and everyone in-between.
This course is designed to be an introductory course to BSA requirements and regulations.
Benefits from Attending
• Understand Bank Secrecy Act regulations and requirements that financial institutions must follow.
• Explore how regulatory concepts apply to the real world.
• Learn skills to identify if something is amiss in customer relationships.
• Understand why it is important to know your customer and effective ways to do so.
• Learn how to recognize normal behavior for a customer and how that can be used to identify abnormal behavior.
• BSA Requirements and how they relate to the lending function.
Regulatory Concepts Addressed
• Customer Identification requirements.
• Customer Due Diligence
• Beneficial Ownership requirements
• Currency Transaction Reports
• Recognizing and identifying Suspicious Activity
• Funds Transfer Requirements
• The Purchase and Sale of Monetary Instruments
• Office of Foreign Asset Control
• Financial Elder Abuse red flags
• Signs of Structuring
Part 1: The New Customer
• Customer Identification Program Requirements
• Beneficial Ownership
• Developing a Customer Profile of Anticipated Activity
• Office of Foreign Asset Control Considerations
Part 2: Ongoing Monitoring
• When activity differs from anticipated
• Identifying Suspicious Activity
• Transactional red flags
Part 3: Transactional Activity
• Currency Transaction Reports
• Purchase and Sale of Monetary Instruments
• Funds Transfers
Who Should Attend
All financial institution employees, both those with limited knowledge of BSA regulations or those that need a refresher.
Event Brochure 