Overcoming the BSA/AML Challenges-6 Webinars Every BSA/AML Personnel must Attend

The Bank Secrecy Act (BSA) was passed by the United States Congress in 1970. Bank Secrecy Act requires U.S. financial institutions to collaborate with the U.S. government in cases of suspected money laundering and fraud. Financial institutions must be compliant with BSA rules and regulations. A comprehensive and compliant BSA/AML program helps a financial institution to conduct risk assessments in order to identify BSA/AML risks that could impact the financial institution and implement controls to mitigate these identified risks. This 6 in one package training program will help you obtain guidance on doing business with marijuana customers; learn what are the revisions to the BSA AML examination model and how to ensure your organization has prepared them; get an overview of the importance of the risk based approach; AML/OFAC risk assessment best practices; and get guided on the new FinCEN SAR.
Instructor: Gina J. Lowdermilk, Warren R. Markowitz, Armen Khachadourian, Craig Taggart
Product ID: PACK70046

CD/Recorded-How It Works:

  • Webinar CD/Recorded will have a series of modules. Our experts have delivered the modules using PowerPoint Presentations
  • Webinar Recording Link or CDs are licensed to be used multiple times at any location with multiple attendants
  • Get unlimited access for Recorded links
  • Free shipment of CDs within 72 hours from the date of purchase
  • Reference materials for Webinar Recording Link/CDs will be mailed to your registered e-mail id

Webinar Topics:

Who will benefit?

  • MSB Personnel
  • TAML/BSA Officers and Consultants
  • AML/BSA Software Developers
  • Risk and Compliance Management Personnel
  • Regulatory Compliance Associates and Managers
  • Company Management
  • Audit Professionals
  • BSA Officers
  • BSA and AML department staff
  • Chief Operating Officers
  • Compliance Managers and Officers
  • Risk Managers and Officers
  • Presidents / Vice Presidents
  • Independent Sales Organizations
  • CFOs and Presidents of Payment Service Providers
  • Securities attorneys
  • Fraud professionals
  • Wall Street professionals
  • Governance/board members
  • Managers of Payment Service Providers

Webinars included in the Package:

Handling BSA/AML Requirements when doing Business with Marijuana Customers(Duration: 60 Minutes)

This session will offer insights on developing risk models for AML/BSA monitoring programs. Risk Models are key components in an automated BSA/AML program. Their design, maintenance and application are important factors in the success and efficiency of a program.

Objectives of the Presentation:

  • Understand BSA/AML implication for marijuana businesses
  • Overcome challenges of doing business with marijuana business customers
  • Interpret government guidance
  • BSA Program oversight of marijuana customers

Instructor Profile:

Gina J. LowdermilkPhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders.

Developing Risk Models for AML and BSA Monitoring Programs(Duration: 60 minutes)

The FDA has ensured that clear FDA requirements were in place for drugs, devices, biological produces as well as Human Cells, Tissues and Cellular and Tissue-Based Products (HCT/Ps). However, there were no regulations in place to clarify and explain the application of cGMP requirements for combination products. The FDA is seeking to change that with the issuance of a guidance document that describes and explains the final rule on cGMP requirements for combination products. This webinar is in place to describe and explain the FDA current thinking by reviewing the guidance document in detail.

Objectives of the Presentation:

  • Understanding the makeup of a risk model
  • Hot to identify the components of a risk model
  • How to create a risk model
  • What risk model can and cannot do
  • How to incorporate a risk model into an existing or developing AML programs
  • Maintaining a risk model within a program

Instructor Profile:

Warren R. Markowitz is an attorney and veteran compliance officer. He has been an active participant in the world wide financial sector since 1994. Mr. Markowitz has provided hands on, direct advisory services to domestic and international financial providers in their dealings with federal and state oversight authorities and self-regulatory organizations, as both a lawyer and an adviser through consulting and technology advisory firms with whom he maintains relationships.

FFIEC BSA/AML Examination Manual Updates and Revisions(Duration: 60 minutes)

This course will provide information to individuals to help ensure they are prepared for the recent revisions in the BSA AML Examination Manual. The FFIEC implemented revisions to the BSA AML Examination manual to address the emerging risks, compliance requirements, and the increased need to mitigate risks associated with money laundering and terrorist financing. FinCEN and OFAC, in collaboration with all of the regulatory agencies and authorities enacted revisions to meet current concerns and issues.

Objectives of the Presentation:

  • Revisions to the BSA AML examination model and how to ensure your organization has prepared them
  • Purpose of revisions
  • Summary of revisions
  • Methods to use to evaluate if organization is compliant with revisions
  • Information to consider when choosing a method
  • Penalties for not being prepared

Instructor Profile:

Gina J. Lowdermilk PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience.

Building an effective AML Program and Best Practices for Sanctions Screening(Duration: 90 minutes)

The prevention of money laundering is a key focus of regulatory authorities in developed countries around the world. Money laundering regulations are designed to inhibit the movement of funds derived from criminal activity and to restrict the availability of money to fund terrorist activities. This training program will discuss the current changes in the marketplace and expose the new faces of AML and examine areas of PEP regulation (Politically Exposed Persons) that pose present and future challenges for regulated businesses.

Objectives of the Presentation:

  • Expectations in BSA/AML programs
  • How to implement an effective program
  • Best practices of an AML program
  • Reporting guidelines
  • Ongoing monitoring and training programs
  • Examples of High Risk Profiles

Instructor Profile:

Armen Khachadourian in the areas of merchant processing, ISO/MSP formation, development of best practices, BSA/AML guidelines, merchant portfolio and acquiring acquisitions, prepaid and alternative payment products including decoupled debit.

AML/OFAC Risk Assessment: The Cornerstone of an Effective Compliance Shop(Duration: 90 minutes)

In this training program, attendees will learn to define AML/OFAC risk assessment and the importance of increased regulation of these assessments. The program will additionally focus on AML/OFAC risk assessment best practices.

Objectives of the Presentation:

  • Definition of an AML/OFAC risk assessment
  • The importance of increased regulation of these assessments
  • AML/OFAC risk assessment best practices
  • Assess the BSA/AML risk profile of the bank and evaluate the adequacy of the bank's BSA/AML risk assessment process

Instructor Profile:

Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients.

AML Investigations and SAR Preparation(Duration: 90 minutes)

Objectives of the Presentation:

  • The key pillars of an AML regulations
  • How to implement an effective program
  • How to recognize suspicious activities
  • Enhanced level of due diligence
  • Financial action task force and their role
  • New faces of AML fraud
  • SAR preparation and reporting guidelines
  • Ongoing monitoring and training programs

Instructor Profile:

Armen Khachadourian is the founder and president of Digital Payments Inc, a consulting firm providing advisory services in the areas of merchant processing, ISO/MSP formation, development of best practices, BSA/AML guidelines, merchant portfolio and acquiring acquisitions, prepaid and alternative payment products including decoupled debit. As a trusted partner with vision to understand his client's future business he has helped design and evaluate new products and services in today's changing marketplace.

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