The Financial Crimes Enforcement Network (FinCEN) has issued a series of guidance's on hot topics this year.

This program goes to those issues that must be addressed: marijuana businesses, elder abuse, virtual currency, and model validation.What You'll Learn:Hotspot #1 Marijuana Businesses

• Factors that should considered when deciding to open, close or refuse accounts from marijuana businesses.
• What should be included in the customer due diligence
• Filing SARs on marijuana-related businesses
• Red Flags to Distinguish Priority SARs
• Currency Transaction Reports and Form 8300's

Hotspot #2 Financial Crimes and the Elderly

• Red Flags for elder abuse or crimes
• SAR Analysis can help prevent future fraud
• Cases where financial institution action has assisted the elderly
• Filing a SAR on Elder abuses

Hotspot #3 Virtual Currency

• What is it? 
• Current decisions about who is a money transmitter
• Questions you may want to ask in your due diligence process
• Investigating Users

Hotspot #4 Model Validation

• What is a model? 
• How do you validate a model?
• Why examiners are asking for this