Start Date: 8/24/2021 1:00 PM MDT
End Date: 8/24/2021 2:30 PM MDT
BSA compliance remains one of the hottest topics for examiners and auditors. Frontline staff is considered the first tier in identifying, preventing, and mitigating potential money laundering and terrorist financing activities. This webinar will explain the specific requirements of their job duties related directly to BSA/AML and anti-terrorist financing compliance.
From opening accounts, due diligence, and recognizing when enhanced due diligence may be necessary, to red flags for account opening and transactions, this webinar will teach staff their responsibilities. It will address the reasons behind the tasks they are asked to do and, most importantly, provide useful tools and red flag takeaways to help them do it. FinCEN guidance on human trafficking, unemployment insurance fraud, and other COVID-19-related red flags highlight the need to keep abreast of recent developments, frauds, and money-laundering techniques and trends. This could be the most important training your frontline receives all year!