Start Date: 1/18/2024 9:00 AM MST
End Date: 1/18/2024 10:00 AM MST
Compliance with BSA regulations and maintaining an effective AML (anti-money laundering) program continue to be areas of intense focus. Growing global conflicts concentrate attention on detecting terrorist financing and following numerous OFAC sanctions. Additionally, six important sections of the BSA exam manual were updated in 2023. Other “hot spots” include digital currency and cybersecurity breaches. Lessons learned from BSA enforcement actions will be highlighted, as well as current examiner expectations for an effective BSA/AML program.