BSA Training for Lenders Webinar
BSA examiners are digging deeper and beginning to ask more questions about the lending function in recent Bank Secrecy Act exams. Could a BSA examiner possibly find loan fraud in your files that had not been detected by your bank’s due diligence process? – see complete description below.
Click Here for Webinar Description and Audience
BSA examiners are digging deeper and beginning to ask more questions about the lending function in recent Bank Secrecy Act exams. Could a BSA examiner possibly find loan fraud in your files that had not been detected by your bank’s due diligence process? Your bank should have a system in place for detecting false statements and attempts at identity theft on a loan application. Will lenders know that 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 bank pass this exam objective?
ANSWER: “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”
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.
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 Viewing 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. 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.
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.