Compliance Class: BSA Annual Update (Fall 2024)
BSA employees have many challenges. They have time-sensitive reports that must be filed on an ongoing basis. They have front-line employees who do things that create errors and additional challenges for their team. They have complex rules and regulations they must follow. And, they have to deal with ongoing changes to these rules and regulations.
While many of the long-time BSA/AML rules continue to stay the same, regulator expectations for BSA/AML programs do continuously evolve. Examiners seem to have greater and greater expectations for BSA programs, and the result of this is that BSA/AML rules for financial institutions continue to change.
This means that BSA team members must ensure they identify - and then effectively implement - any BSA/AML changes that apply to their financial institution.
In fact, examiners actually have an expectation that BSA employees receive regular training to keep them up-to-date with BSA/AML changes. Specifically, the FFIEC BSA Exam manual provides the expectation that “the BSA compliance officer and BSA compliance staff should receive periodic training that is relevant and appropriate to remain informed of changes to regulatory requirements and changes to the bank’s risk profile.”
And this is exactly why we have created our BSA Annual Update training program.
Our BSA Annual Update provides video-based training on the BSA and AML activity that took place over the last year, including guidance from FinCEN and other regulatory agencies. While most BSA officers will already be aware of many of the changes, this program can essentially act as a review (or a checklist of sorts) to ensure that all applicable information is appropriately received and implemented within the organization. At the end of the day, our BSA Annual Update is a great way to show regulators that your BSA team is receiving training that helps them “remain informed of changes to regulatory requirements,” as expected in the FFIEC BSA Exam manual.
This program would be good for BSA officers, BSA team members, auditors, compliance officers, management, and anyone else wanting to stay up-to-date on BSA/AML rules and activity.
NOTE: We are currently offering a BSA Annual Update twice a year. As this is an “annual” program that covers a year’s worth of material, attendees don’t need to attend both programs, but rather can choose to be part of either our Spring Cohort or our Fall Cohort. In other words, those who attended our Fall 2023 BSA Annual Update last year, will be able to attend our Fall 2024 BSA Annual Update without missing any activity.
Continuing Education Credits
3.5 CRCM, CAFP, CERP credits. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. The BSA Annual Update (Fall 2024) has been approved for 4.5 CRCM, CAFP, CERP credits. This statement is not an endorsement of this program or its sponsor. Certification holders must report these credits at aba.csod.com.
Class Pricing
EARLY BIRD: $329 (Regular: $399)
Get additional discount for one additional attendee. The total cost will be the current price (regular or discounted) for the first attendee plus $129 for the second attendee. (Click the second button below to avail this discount.)
NOTE: If you would like to demo this class before you purchase it to make sure it's what you are looking for, just let us know and we can work something out.