During this program your directors will receive an overview of the Anti-Money Laundering Act of 2020 that was passed in 2021. It will have great implications into your future BSA programs. This session covers de-risking, national data base for beneficial ownership, higher fines and penalties for BSA and Keep Open Directives from law enforcement. It is a good update of this massive bill and will count towards your BSA Director's Training.
Specific Topics Include:
- Division F - Anti-Money Laundering
- New BSA Purposes
- Keep Open Orders and Other FAQs Released
- National Beneficial Ownership Registration Awaiting Regulation
- SAR and CTR Trends
- Sharing Compliance Resources
- FinCEN Sanctions and Fines
Subscribe to The Directors Education Series and provide your leaders with the guidance and tools needed to navigate the complexities of today's banking environment.
- Includes Audio, Video and Powerpoint.
- PDF Handouts
- Discussion Questions
- 20-25 minutes in length (Perfect to show at your monthly board meeting!)
Who Should Attend?This program is recommended for your Executive staff including every member on your Board of Directors.
“We are loving the program for our Directors. Training has now become a more regular event and the format and timing of the training is just right for the BOD. They have found the information very helpful in understanding their roles as directors.” — Maureen Daehn, CFO, Maple Bank
“After 42 years in Banking and now a Director, the series enables me to continue my knowledge in this ever changing industry! You're never too old to learn, and being a Director it's our responsibility to continue to learn for the good of our organizations.” — Gerald Schmidt, Board Member, Stephenson National Bank and Trust
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