BSA Administration: 
What BSA Officers & Management Must Know
Wednesday, December 11, 2019
3:00 pm – 4:30 pm Eastern

You discover a long-time accountholder has changed their business model, and suddenly become a higher BSA risk.  You are approached by a new entity whose product mix will potentially impact your BSA operation, but also appears to be someone you should consider as a new accountholder.  These scenarios arise more often every day.

It is easy to serve a “normal” business.  But what do you do when the potential client is somewhat “outside the lines”?  What should be considered within your financial institution?  What restrictions/conditions should be placed on such accountholders?  Which products will be offered (or not) to these entities?  This webinar will address the thought and decision-making processes that BSA staff and management must use to deal with more unique business types.

Highlights:

• The decision-making process for more unique businesses
  
• The priority realignment that management and BSA officers must accept
  
• Marijuana businesses and MRBs (or CRBs)
  
• CBD oil
  
• MSBs
  
• Other higher-risk businesses

Take-Away Toolkit:

• The manual will include aids to assist management and the BSA department in making decisions about whether and when to serve these higher-risk businesses.
• Employee training log
• Interactive quiz

Who Should Attend?

This informative session is directed to management, BSA officers, BSA department staff, and lenders.  

Speaker

Bill Elliott, CRCM, Young & Associates, Inc.

Bill Elliott has over 40 years of banking experience.  As a senior compliance consultant and director of compliance education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.

Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank.  He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.