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In recent years, there have been notable increases in the number of BSA/AML enforcement actions and the size of penalties. Nearly 90% of BSA/AML enforcement actions from 2012 through 2015 included monetary penalties, compared to less than half from 2002 through 2011. Penalties have grown substantially in both absolute terms and as a proportion of firm capital. This AML compliance webinar will discuss recent developments in Bank Secrecy Act including various forms such as Currency Transaction Report (CTR), money log and Suspicious Activity Report (SAR). Attendees will learn best practices to ensure compliance with BSA regulations and
avoid violations and fines.
Key Learning Objectives- BSA and amendments and interpretation basis
- Foundation for what is money laundering
- Forms - CTR, Money Log, and SARs
- FINCEN Announcements
- Common compliance issues
- Solutions to common compliance issues
- No such things as enterprise solutions
- Recent regulators action and seeing how those fined got it wrong
- The role of the independent auditor
- The importance of authenticity and the distributed management model
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Burke Files
Chairman & President - Financial Examinations & Evaluations, Inc.
Mr. Files is a widely recognized expert in the area of financial investigations and due diligence. He has authored numerous articles as well as books on the subject. He has been presenting and sharing his knowledge and has done so with delegates in over 30 countries. |
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