Bank Secrecy Act Officer/BSA Specialist

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Credit Push Fraud Compliance: Navigating the Latest ACH, RTP, and FedNow® Rule Changes and Requirements (1.8 AAP Credits)

The mechanics of credit push fraud: How fraudsters exploit weaknesses in electronic payment systemsACH Rule Updates: New requirements designed to mitigate fraud risks, including their impact on your operations.
RTP Rules and Compliance: Specific guidelines and best practices to protect against fraud in real-time payments
FedNow Fraud Prevention: Explore the built-in security features and rule requirements aimed at safeguarding instant payments
Practical Strategies: Implementing effective fraud detection and prevention measures across your payment systems

Alert! Proposed BSA/AML Program Rule Changes

Statement on the Purpose of an AML/CFT Program RequirementInserting the Term “CFT” Into the Program Rules
Defining “AML/CFT Priorities”
“Effective, Risk-Based, and Reasonably Designed” AML/CFT Program Requirements
Risk Assessment Process
Identifying and Evaluating ML/TF and Other Illicit Finance Activity Risks
Review of Reports Filed Pursuant to 31 CFR Chapter X
Other Components of an Effective, Risk-Based, and Reasonably Designed AML/CFT Program

2025 Deposit Regulatory Update: All-Day Streaming (7 CRCM Credits)

Reopening closed accountsGiving customers information on their accounts promptly
Recurring overdraft fees
Authorize positive settle negative on debit cards and overdrafts
Regulation E: Stop payments, error investigation, and resolution
Transfers from savings on overdrafts
Regulation DD on product changes
Deposit Disclosures: What ownership types get what?
FDIC digital logo changes effective May 1
Update on beneficial ownership
Old practices – affidavits of loss on CDs
Handling POAs, estates, and trusts

2025 BSA Officer and Staff Update: All-Day Streaming (7 CRCM Credits)

Proposed AML/CFT Program ChangesBeneficial Ownership Update
SAR Decision-Making
Writing a Good SAR Narrative
Customer Identification Program and Customer Due Diligence
High-Risk Customers and the Questionnaire
314a and 314b
Record Keeping – funds transfers and monetary instruments

Opening New Accounts – Part 1 (3 Part Series)

6-Step Account Opening ProcessTIN Compliance
Personal Account Ownership Overview
Personal/Consumer Account Difficult Scenarios
Opening Accounts for Minors – UTMA
Who Can Access An Account During Lifetime And At Death

Opening New Accounts – Part 2 (3 Part Series)

Business Account DocumentationResolutions – Purpose and Proper Completion
Business Taxation Options and Why We Have To Care
Sole Proprietorships
General, Limited, Limited Liability, and Limited Liability Limited Partnerships
Limited Liability Company and Series LLC
Determining LLC Business and Tax Classification
Profit and Non-Profit Corporations
Understanding Sub-Chapter S Corporations (S-Corps)
Non-Profit Associations, Social Clubs, and Charitable Organizations

Opening New Accounts – Part 3 (3 Part Series)

Defining Trustee, Personal Representative, and Fiduciary Roles and ResponsibilitiesTIN Compliance for Trust, Minor and Fiduciary Accounts
Proper Account Titling
Formal vs. Informal Trust Comparison
Key Questions to Ask When Setting Up Trust Accounts
Six Pieces of Required Information For all Trust Accounts
Revocable vs. Irrevocable Trust Accounts
Payable on Death (POD)
As Trustee For, In Trust For, Totten Trusts
Minor Accounts