The Bank Secrecy Act remains on the top of the list of critical regulations the Federal government is enforcing across the country and across all regulatory agencies.  In the past year alone - over $600 million in fines and penalties have been paid by financial institutions upon the completion of their BSA / AML exam as a result of non compliance.  Although not an easy task, every institution works hard toward passing their BSA exam.

Your presenter, Sal Fragapane, has spent 23 years in the banking arena and during the past 8 years alone, he and his clients have successfully passed over 50 BSA / AML exams and audits.  By attending this popular webinar, you can leverage his experiences in helping organizations like yours prepare for, manage, and pass your next BSA exam by hearing Sal's time tested and regulator scrutinized approach.

Covered Topics:

• Direct feedback from regulators that have been accumulated over time
• Avoiding the all too common pitfall of having policies and actual practices that do not agree
• Uncovering risks that negatively impact your risk profile
• Compiling a thorough and solid BSA / AML Risk Assessment that has substance
• The importance of weaving in a separate OFAC Risk Assessment
• The sore spots relative to high risk customers
• Touch upon what your organization does NOT do - a very innovative and successful approach when having your exam kickoff meeting with your regulator
• An internal stakeholders roadmap on what to do upon receiving your exam packet

Who Should Attend

BSA Officers, BSA Analysts, Compliance Officers, Compliance Analysts, Risk Management Officers, Auditors.

The Presenter

Sal Fragapane is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money Laundering Specialist (CAMS) who serves as the Chief Compliance Officer and Chief Operating Officer of AML RightSource LLC.

Sal maintains his Ohio life, health, and annuities license as well his Ohio personal lines property and casualty license. He received his MBA from Baldwin Wallace University and his BSBA from Bowling Green State University. Sal is also a graduate of the FBI Citizens Academy.

Sal has spent 23 years in financial services between Key Bank, Third Federal Savings and Loan, and with AML RightSource. His experience in the roles as an internal auditor, retail banker, loan officer, BSA officer, Chief Operating Officer, and Chief Compliance Officer has provided him with the experience and well-rounded insight needed to effectively serve his clients.

Sal has successfully managed and always improved compliance programs and exams for institutions regulated by the OCC, FDIC, FRB, OTS, NCUA, SEC, and FINRA. He spends his time working with banks, MSBs, private equity funds, and nonbank mortgage lenders as both a consultant and as their Virtual Compliance Officer.