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Course/Product Description
Title:

BSA for Lenders

SKU:WT-1001485
Format: Webinar
Description:

BSA examiners are digging deeper and beginning to ask more questions about the lending function in recent BSA exams. Could a BSA examiner possibly find loan fraud in your files that had not been detected by your bank's or credit union’s due diligence process? Your financial institution should have a system in place for detecting false statements and attempts at identity theft on a loan application. Will lenders know these activities may require a SAR (Suspicious Activity Report) to be filed? Does your “system” work?

QUESTION: What does the FFIEC Exam Manual for BSA say about the training requirement for lenders?

ANSWER: "Examples of money laundering activity and suspicious activity monitoring and reporting can and should be tailored to each individual audience. For example, training for tellers should focus on examples involving large currency transactions or other suspicious activities; training for the loan department should provide examples involving money laundering through lending arrangements.”

QUESTION: Can your financial institution pass this exam objective?

ANSWER: "Assess the adequacy of the financial institution’s systems to manage the risks associated with lending activities, and management’s ability to implement effective due diligence, monitoring, and reporting systems.”

Register for this short training session and help the lenders and loan staff at your bank or credit union understand their responsibilities by hearing “real life” examples of situations that could trigger a filing of a SAR (Suspicious Activity Report).

What You Will Learn:

  • What are five reasons to conduct BSA training for Lenders?
  • What are the three stages of money laundering and can this happen in the lending area?
  • What are some of the BSA “red flags” and risk factors in lending?
  • What types of due diligence questions should you ask a loan applicant for BSA compliance?
  • Steps for BSA due diligence throughout the life of the loan
  • What are the six types of lending-related reasons of attempted or actual suspicious activity that must be reported on SAR’s? What are some examples that have resulted in prosecution?
  • Steps for effective CIP loan compliance. NEW!! – Overview of beneficial ownership rule that becomes the 5th pillar for BSA on May 11, 2018; it’s not too early to start an implementation plan.
  • Examples of Loan Fraud and suggestions for prevention
Who Should Attend

Loan Officers, Loan Assistants, Loan Administration personnel, Compliance & BSA Officers, Risk Managers.

The Presenter

Susan Costonis is a compliance consultant and trainer. She frequently provides consulting services to financial institutions regarding fair lending and other compliance management issues. Her 36 year career in banking and training began with 20 years at First National Bank, an affiliate of Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.

During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School and the Graduate Banking School of the University of Colorado. Susan regularly presents seminars to financial associations.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
BSA for LendersCD/On-Demand$325.00

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