BSA Consent Order: Lessons Learned For Smaller Institutions

Qty: Live Version ($299.00)On-Demand ($419.00)Live + On-Demand ($419.00)

Course Summary:

During this program, we will explore the consequences of Bank Secrecy Act compliance failures and how smaller institutions can learn from recent consent orders.

Course Details:

Attendees will gain insight into what happens if your institution is hit with a regulatory consent order, why it can happen to any size institution, and how to strengthen your BSA/AML program to prevent this from happening.

This program is designed for senior management, BSA officers (new and experienced), compliance officers, and BSA support staff. It will provide practical lessons drawn from enforcement actions to help you protect your institution.What You'll Learn:

• Turning other lessons into your action plan
  
• What are some of the causes of Consent Orders?
  
• What happens when there is a lack of BSA resources?
  
• What happens to product development?
  
• What happens to your financial institution's expansion plans?
  
• What is the role of your Board of Directors?
  
• The importance of BSA/AML staff training
  
• What are inadequate cash handling procedures?
  
• How to monitor insiders
  
• The importance of timely CTR and SAR filings
  
• The importance of third-party management