A financial institution’s Bank Secrecy Act (BSA)program is being put under close scrutiny in today’s regulatory environment. According to the regulators, an inadequate BSA program will almost certainly bring an administrative action – either formal or informal – against the financial institution. One particular area receiving criticism by examiners is the bank’s annual independent review of BSA.  Are your audit procedures up to date, comprehensive, and independent? Attend this seminar to review the adequacy of your BSA review program. This seminar will provide information on a comprehensive approach to completing a thorough BSA audit.

Compliance Tools
In addition to the manual, we will provide practical BSA review documents to assist the auditor in the completion of BSA reviews.

• Overview of the BSA program requirements & required
  reporting and recordkeeping requirements
• Review procedures covering the following areas:
• BSA policies and procedures
   -  Inclusion of regulatory requirements
   -  Detailed procedure requirements
• Currency transaction reporting
   -  Accuracy of CTRs
   -  Assuring that all CTRs are filed
• Monetary instrument log
   -  Content of log
   -  Suspicious activity monitoring of transactions
• Wire transfer activity
• BSA training program
   -  Comprehensiveness
   -  Frequency
   -  Documentation
• Customer Identification Program
   -  CIP policy and procedure content requirements
   -  Testing adherence to the bank’s CIP
• USA Patriot Act
   -  Section 314(a) FinCEN search policy & procedures
   -  Section 314(b) procedures
• Anti-money laundering program
   -  Procedures for monitoring and detecting suspicious activity
   -  Suspicious activity reporting
• Office of Foreign Assets Control requirements
   -  Procedures for checking persons against OFAC list
   -  Ongoing reviews of OFAC

Who Should Attend
BSA Officers and Internal Auditors should attend thissession. The program is designed as an update for experienced BSA Officers and Auditors employed by financial institutions. This is not an introductory program nor is it designed to meet the training needs of
the general staff.

About Your Presenter
Bryan Bradley has extensive compliance-related experience working in the financial services industry. He serves as a consultant to client banks in the areas of consumer compliance, including the Bank Secrecy Act. Bryan also regularly presents seminars to bankers on consumer regulations. Prior to joining Young & Associates, Inc., he served as a compliance officer for a variety of financial institutions, including a national mortgage company, a multi-billion dollar holding company, and community banks. In addition, he has served as a CRA officer for a community bank, as well as a loan officer for residential, consumer, & commercial lending departments, conducted loan reviews, and worked for the Federal Reserve Bank of St. Louis as a compliance examiner.