BSA: Marijuana Businesses, Elder Abuse, Virtual Currency and Model Validation Webinar
The Financial Crimes Enforcement Network (FinCEN) has issued a series of guidance’s on hot topics this year. This program goes to those issues that must be addressed. Marijuana businesses, elder abuse, virtual currency and model validation (see complete description below).
Click Here for Webinar Description and Audience
The Financial Crimes Enforcement Network (FinCEN) has issued a series of guidance’s on hot topics this year. This program goes to those issues that must be addressed. Marijuana businesses, elder abuse, virtual currency and model validation. Topics to be covered:
Hotspot #1 Marijuana Businesses
•Factors that should considered when deciding to open, close or refuse accounts from marijuana businesses.
•What should be included in the customer due diligence
•Filing SARs on marijuana-related businesses
◦Marijuana Limited SARs
◦Marijuana Priority SAR Filings
◦Marijuana Termination SAR Filings
•Red Flags to Distinguish Priority SARs
•Currency Transaction Reports and Form 8300’s
Hotspot #2 Financial Crimes and the Elderly
•Red Flags for elder abuse or crimes
•SAR Analysis can help prevent future fraud
•Cases where financial institution action has assisted the elderly
•Filing a SAR on Elder abuses
Hotspot #3 Virtual Currency
•What is it?
•Current decisions about who is a money transmitter
•Questions you may want to ask in your due diligence process
Hotspot #4 Model Validation
•What is a model?
•How do you validate a model?
•Why examiners are asking for this
Who Should Attend?
This webinar is designed for BSA Officers, BSA Coordinators, Compliance Officers, Security Officers, OFAC Officers and staff who assist with compliance issues in the OFAC area.
Click Here for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click Here for Delivery Option Descriptions
INCLUDES SEVEN DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. 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. Participants can type and send their questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate in the same room.
SIX MONTH ONDEMAND VIDEO RECORDING:
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 an effective training tool. The weblink will be available to you (and anyone else in the company) for up to 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 RECORDING:
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 the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
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.