BSA/AML for Lenders

Course/Product Description
Title:	BSA/AML for Lenders
SKU:	WC-1035775
Date / Time:	Recorded
Format:	Webcast
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Description:	BSA examiners are digging deeper and beginning to ask more questions about the lending function in recent BSA exams. Could a BSA examiner possibly find loan fraud in your files that had not been detected by your bank's or credit union’s due diligence process? Your financial institution should have a system in place for detecting false statements and attempts at identity theft on a loan application. Will lenders know these activities may require a SAR (Suspicious Activity Report) to be filed? Does your “system” work? QUESTION: What does the FFIEC Exam Manual for BSA say about the training requirement for lenders? ANSWER: "Examples of money laundering activity and suspicious activity monitoring and reporting can and should be tailored to each individual audience. For example, training for tellers should focus on examples involving large currency transactions or other suspicious activities; training for the loan department should provide examples involving money laundering through lending arrangements.” QUESTION: Can your financial institution pass this exam objective? ANSWER: "Assess the adequacy of the financial institution’s systems to manage the risks associated with lending activities, and management’s ability to implement effective due diligence, monitoring, and reporting systems.” Register for this short training session and help the lenders and loan staff at your bank or credit union understand their responsibilities by hearing “real life” examples of situations that could trigger a filing of a SAR (Suspicious Activity Report). What You Will Learn: What are five reasons to conduct BSA training for Lenders? What are the three stages of money laundering and can this happen in the lending area? What are some of the BSA “red flags” and risk factors in lending? What types of due diligence questions should you ask a loan applicant for BSA compliance? Steps for BSA due diligence throughout the life of the loan What are the six types of lending-related reasons of attempted or actual suspicious activity that must be reported on SAR’s? What are some examples that have resulted in prosecution? Steps for effective CIP loan compliance. NEW!! – Overview of beneficial ownership rule that becomes the 5th pillar for BSA on May 11, 2018; it’s not too early to start an implementation plan. Examples of Loan Fraud and suggestions for prevention Who Should Attend Loan Officers, Loan Assistants, Loan Administration personnel, Compliance & BSA Officers, Risk Managers. The Presenter Susan Costonis is a compliance consultant and trainer. She frequently provides consulting services to financial institutions regarding fair lending and other compliance management issues. Her 36 year career in banking and training began with 20 years at First National Bank, an affiliate of Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998. During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School and the Graduate Banking School of the University of Colorado. Susan regularly presents seminars to financial associations. Cannot Attend The Live Presentation? This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.
About Webcasts / Audio Conferences / Podcasts:	Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions. The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends! And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office. Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.
About The Provider:	Your Partner for Ensuring an Engaged, Compliant Workforce Financial institution regulations are constantly changing. That means preparing your team needs continual attention, including the frontlines, compliance team, executive leadership and board of directors. Wouldn’t life be easier if you had one place to go for all your compliance and professional education needs? You’ll find what you need from OnCourse Learning. We bring you: 40+ Years of Experience 600+ Engaging Online Courses 450+ Live & OnDemand Webinars Webinar Descriptions, BankWebinars.com: Live Session: Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for 30 days following the event. This will allow a flexible alternative when last-minute conflicts intrude on scheduled events. Live + OnDemand: Includes two of the options above. Live session and 365 days access to On-Demand weblink plus a link to handouts. Live + OnDemand & CD: Includes all three options above. Live Session, 365 days of OnDemand, and CD-ROM plus handout links.
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