ABA Members:
Early Registration Price: $680;
After October 13: $780

Early Registration Price: $1,360;
After October 13: $1,560


School Location:
The comfort of your desk or anywhere with wifi!

Click here to register!

November 9, 2020

  • Recap of Major AML/BSA Trends in 2019 -2020
    During this update, we will focus on current BSA/AML hot topics, COVID-19 impact to BSA ML/TF trends and the supervisory and regulatory guidance that outlines the responsibility for BSA/AML compliance. This session will highlight recent FinCEN CTR updates, updated 314(a) fact sheet and additional new FinCEN initiatives impacting financial institutions.

  • Update of FFIEC BSA/AML Examination Manual - April 15, 2020, Step-by-Step Guide for Update Your BSA Program
    This interactive session will: highlight the April 15,2020 update, provide a step-by-step implementation strategy, outline the key components, and develop a template of the revised sections of the Manual.

  • Managing Alerts and False Positives
    Despite decades and billions of dollars in industry investment, over 95 percent of system-generated alerts are closed as “false positives” in the first phase of review, with approximately 98 percent of alerts never culminating in a suspicious activity report (SAR). In 2018, FinCEN issued a $185 million civil money penalty (CMP) against a large financial institution for “willfully violating the Bank Secrecy Act”. One of the primary violations uncovered was that “…. Bank chose to manipulate their AML software to cap the number of suspicious activity alerts, rather than increasing staffing to comply with anti-money laundering laws in a timely manner." This session focuses on tools and best practices for managing alert case management and identifying what might be excessive false positives for your institution and how to appropriately respond.

  • Learning from Recent Enforcement and Audit Findings Best Practices - Protecting Your Financial Institution – Breakout Session
    Often bankers comment that enforcement actions only happen to the big banks. Regulators are encouraging senior management and boards to stay abreast of enforcement actions. During this session, we will examine recent consent order(s) with specific BSA violations to share with senior management. This session also includes recommendations and best practices for on-going preparation and organization for audits and examinations. During the breakout session, bankers have the opportunity to share and learn from other bankers what the current hot topics are during recent BSA/AML examinations and audits.

  • SAR Completion: Tips and Tools – To File or Not File
    So, what are the key SAR tips, tools, and best practices for completing the SAR investigation, writing the report and the decision to file or not file these reports incorporating 2020 FinCEN updates. This session includes both key recommendations and an exercise of reviewing a SAR filing and what could have improved the narrative as well as the documentation.

  • Cannabis Banking – MRB, Hemp, and CBD – To Bank or Not Bank?
    Marijuana continues to be one of the key topics in financial institutions with over 30 states legalizing medical or recreational marijuana. What lessons can be learned from those states? What are the risks and rewards of cannabis banking? What if you have customers that want a loan for hemp-related business? How do you decide what to do? This session will review the current and proposed legislation as well as providing practical guidelines in determining how your financial institution could service these industries.

  • Cannabis Banking – Update Your Policy and Procedures
    This interactive sessions will result in a template for risk-based Cannabis Banking Policy and Procedures that can be tailored to the attendees’ individual banks.

  • OFAC Update
    More than $8 billion in AML fines handed out in 2019, with USA and UK leading the charge: Barring a massive $9 billion penalty in 2014, last year could have been a record at nearly double the overall actions and total penalty figure of the prior year. And this trend in increased penalties will continue. This session will explore both recent enforcement actions, high risk OFAC areas, as well as best practices.

  • Ensuring BSA Team Cross Training and Development
    Regardless of a bank’s asset size, ensuring BSA compliance mandates that cross training and team development is a critical component of the BSA/AML function. This session highlights best practices and tools for on-going learning for the BSA team and documented accountability.

  • Evening Assignment and Wrap Up

View the Agenda & Materials for:
Coming Soon!
Coming Soon
Continuing Education

Attendants qualify for 12 Continuing Professional Education (CPE) Credits in Specialized Knowledge & Applications in group-live training. No advance preparation is required. The Arkansas Bankers Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: