Course Details

The Top 20 Things that Irritate Your Regulator Relative to Your BSA / AML Program

Webinar: ID# 1000954
About This Course:
Ever wonder what are the sore spots and sensitive items that irritate your regulator relative to BSA / AML compliance?  Would you like to know what not to do in order to keep your regulator content?  Care to learn what your regulator's hot buttons are?

This webinar has been compiled as a result of the speaker's direct first-hand experience with helping many financial institutions satisfy their regulators increasing expectations in developing and operating a high quality and thorough BSA / AML program.  The speaker has also had many conversations with a variety of regulators about this very topic and has plenty to share (20 things to be exact).

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 Sal's experiences in helping organizations like yours avoid the all too common pitfalls of things that will most certainly irritate your regulator relative to your BSA / AML program.

Covered Topics:

  • What your regulator would love to see relative to your exam preparation
  • Not using data that is readily available
  • The reliance (or not) on independent testing
  • A section of the USA Patriot Act that is often missed
  • Overused replies that your regulator is tired of hearing
  • The identification of high risk customers - a double whammy
  • Delay or avoidance tactics on behalf of the bank

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.

Course Details
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