WEBINAR
TRID

BSA and AML for Lenders Webinar

CFT Credits: 0.25

This two-hour program will assist your bank in determining whether your BSA Compliance Program adequately includes controls, such as training, policies and procedures, monitoring, etc for loan products in addition to deposit products. It will also teach you how to conduct due diligence on related account parties (i.e., guarantors, signatories, or principals) as well as beneficial owners.

Webinar Description and Intended Audience

The BSA/AML Interagency Exam manual addresses lending within its coverage and a key examiner focus is the following: “Assess the adequacy of the bank’s systems to manage the risks associated with lending activities, and management’s ability to implement effective due diligence, monitoring, and reporting systems.” Lending activities include, but are not limited to, residential and commercial real estate, secured commercial loans, credit cards, consumer, commercial, and agricultural loans. Lending activities can include multiple parties (e.g., guarantors, signatories, principals, or loan participants). The new 5th Pillar CDD rule takes particular aim at commercial lending and turns implied guidance into express regulations. The BSA considers all loans, whether they be residential, commercial, consumer, etc to be “accounts” and subject to the CIP requirements and applicable to SAR and CTR reporting.

A number of the BSA examiners “grew up” in the Safety and Soundness world and are particularly adept in identifying BSA-related deficiencies in the commercial lending area and therefore find lax controls in the commercial lending area because some commercial lenders believe that the BSA is a compliance regulation and doesn’t apply to commercial loans. Additionally, many banks still have BSA training programs primarily tailored to consumer deposit accounts and do not provide sufficient training for lending-related situations.

This two-hour program will assist your bank in determining whether your BSA Compliance Program adequately includes controls, such as training, policies and procedures, monitoring, etc for loan products in addition to deposit products. It will also teach you how to conduct due diligence on related account parties (i.e., guarantors, signatories, or principals) as well as beneficial owners.

Covered Topics:

  • Commercial and residential mortgage loan money laundering schemes identified by FinCEN through a 10-year study of SARs;
  • Lending Red Flags, including those addressed in the BSA Exam Manual and many more
  • Customer Due Diligence (CDD) and, Enhanced Due Diligence (EDD) expectations regarding loans;
  • Beneficial Ownership identification and verification requirements for Legal Entity Customers;
  • How to develop customer risk profiles and conduct ongoing risk-based monitoring for loan products;
  • SAR and CTR reporting requirements; and
  • Portions of your BSA Policy/Program that need to address lending.
     

Who Should Attend?

The program is designed for Commercial Loan Officers, Commercial Operations Personnel, BSA Officers, Compliance Officers, Auditors, and those responsible for either overseeing BSA in general or those within the lending business units with BSA responsibilities.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
05/01/18Archived CD-ROM Video Recording$345.00Order
05/01/18Archived Six Month On-Demand Recording$295.00Order
AnyIn-HouseRequest