The Bank Secrecy Act developed in 1970 and the Anti-Money Laundering ACT of 2020 are the legislative framework requiring U.S. Financial Institutions to assist U.S. government agencies to detect and prevent money laundering and the financing of terrorism. This session will review the key components of a BSA/AML Compliance Program: Risk Assessment, Internal Controls Review, Independent Testing, BSA/AML Compliance Officer, and BSA/Compliance Training as well as tolls and resources to strengthen your BSA/AML risk management programs.

This course was developed for those who have responsibility for their financial institution’s (FIs) Bank Secrecy Act / Anti-Money Laundering programs.

Presenter Nancy Lake, Director of Training with ARC Risk and Compliance and AML-ology, will present this one-day virtual workshop via live webinar. This course was developed for those who have responsibility for their financial institution’s (FIs) Bank Secrecy Act / Anti-Money Laundering programs. Learn about the latest updates from FinCEN and important news that impacts your financial institution.

Agenda details will be added closer to event.