Bank Secrecy Act (BSA), Title 31, Compliance

This webinar will review current requirements of the Bank Secrecy Act, why to comply, how to comply, reporting techniques and current positions by the IRS and FinCEN.

Why Should You Attend:

Every casino and other financial institution is required to comply with the reporting requirements of the BSA. In fact, the federal government has taken a new stand on enforcement aimed at casinos. Now, more than ever, an effective compliance program is essential to comply with this law or face substantial fines, potentially in the millions of dollars, and other penalties.

This webinar will review current requirements of the Bank Secrecy Act, why to comply, how to comply, reporting techniques and current positions by the IRS and FinCEN.

Areas Covered in the Webinar:

What is the BSA?

What is AML?

Why should I comply?

What do I need to do?

• CTR
• SAR
• Structured Transactions
• Multiple Transactions
• What are the forms?
• How do I file them?
• What if I am faced with the non-cooperating customer?
• What are the best practices in Know-Your-Customer?

Who Will Benefit:

Any financial institution, including commercial banks, private banks, credit unions, thrift institution, broker and dealers registered with the SEC, any securities or commodity broker or dealer, investment bankers, currency exchange, issuer, redeemer or cashier of traveler’s checks, checks, money orders, operator of a credit card system, insurance company, travel agency, business engaged in vehicle sales, persons involved in real estate closings and settlements, casino, gambling casino or gaming establishment and related businesses will benefit from this training. Titles of personnel include:

• CEO’s
• CFO’s
• COO’s
• General Counsel
• Compliance Officers
• Risk Officers
• Internal Auditors
• Controllers
• Operational Risk Managers
• Staff with roles and responsibilities for financial compliance and risk management.