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BSA Workshop 2020

Financial Institutions

Assessing and managing risk

Due to the ongoing COVID-19 situation and the new challenges many are facing during this time, this workshop will only be in webinar format. At Wipfli, the health, well-being and safety of our community – our clients, friends, and associates - is our highest priority. The dates are listed below.

Please join us for this year's BSA Workshop: Assessing and Managing Risk. We offer two workshops including the Mastering the Basics Webinar and the BSA - Advanced Topics and Emerging Trends webinar. See session details and timing below:

Mastering the Basics

This workshop is perfect for the BSA Officer who is new to the position or for BSA compliance staff who serve as backup to the BSA Officer. We will cover all areas needed to gain a good understanding of the roles and responsibilities of this position, including properly completing CTRs and SARs, documenting comprehensive SAR investigations, understanding the importance of high-risk monitoring, managing CIP and beneficial ownership exceptions, developing an effective employee training program and much more.

BSA – Advanced Topics and Emerging Trends

This workshop is designed to be a higher-level overview of the day-to-day responsibilities of the BSA Officer and is dedicated to emerging hot topics and trends that face the banking industry. We will cover the areas needed to provide you a good understanding of your roles and responsibilities and what examiner expectations are of this position, including:

  • Beneficial ownership frequently asked questions and common exam findings.
  • Management of CIP exceptions.
  • New foreign customer W8BEN requirements.
  • Your institution’s role in combating human trafficking.
  • Customer due diligence requirements for banking hemp growers and CBD oil sellers.
  • Understanding of the implications of banking Tier II marijuana businesses, such as employees and vendors.
  • Understanding of virtual currency customers.
  • Tips for internally validating your automated surveillance monitoring systems.
  • Overview of regulatory enforcement actions.

All participants will receive an updated copy of the Wipfli BSA/AML Policy, which includes a comprehensive cannabis (hemp and marijuana) policy. 

Who should attend?

BSA officers, backup BSA officers, compliance officers, and internal auditors

Agenda

9:00 a.m. – 4:00 p.m.    BSA Workshop
Noon - 1:00 p.m.           Break for lunch time during webinar

Click the links below for session details and to register:

Cancellation Policy/Questions
Please contact Mary Boortz at 715.858.6677 or mboortz@wipfli.com.