Agenda (tentative)
BSA/AML Top Gun Conference
March 3 - 4, 2020
All times are relative to Mountain Standard Time in Scottsdale, Arizona.
March 3
7:30 - 8:00 Registration
8:00 - 9:00 What Happened Since Last Year?
Brian Crow
9:00 - 9:45 Board training: What do they really need to know?
9:45 - 10:00BREAK
10:00 - 11:00 Lessons Learned from BSA Case Studies
Adam Witmer
11:00 - 11:45 Virtual Currency: Exchanges Masquerading as Users
Brian Crow
11:45 - 12:30 LUNCH
12:30 - 1:30 EDD It's not just for high risk customers anymore
Robin Guthridge
1:30 - 2:15 Beneficial Ownership after the first exam cycle
Robin Guthridge and Brian Crow
2:15 - 2:30 BREAK
2:30 - 3:30 BSA, It's not just for Deposits
Brian Crow
3:30 - 4:00 Q and A
4:00 Adjourn

March 4
8:00 - 9:00Hemp, CBD and Marijuana: Where are we today?
Mary Beth Guard
9:00 - 10:00 Top 30 BSA/AML Violations
Adam Witmer
10:00 - 10:15 BREAK
10:15 - 11:00 Currency Transaction Reporting Instructions Update
John Burnett
11:00 - 11:45Transparency in the BSA Exam
Brian Crow
11:45 - 12:00 Q and A
12:00 - 12:45 LUNCH
12:45 - 1:45 Steps to a Successful Model Validation
Robin Guthridge
1:45 - 2:30 BSA Pepper
Speaker Panel and Victor Cardona
2:30 - 2:45BREAK
2:45 - 3:30 The Bank wants to provide services to that industry?
Brian Crow
3:30 - 4:00 Q and A
4:00 Adjourn

*Because we endeavor to offer the most timely and relevant topics, the agenda posted here is subject to change. If any changes are made, this page will be updated to reflect the modifications.

What Happened Since Last Year?
A high-level overview of BSA/AML developments from the last twelve months. We'll provide a fast-paced look at enforcement actions, new guidance, CTR Updates, and exam manual updates, and AML matters in the news.

Board training: What do they really need to know?
Facing the Board of Directors can sometimes be just as intimidating as hunting down suspicious activity. You have fifteen minutes (on a good day) to make an impression and ensure that the Board receives adequate training for one of the highest risk regulations, all while they are looking at their phones or their watches! This "train the trainer" session will give you some tips on how to maximize the time that you do have in front of the Board.

Transparency in the BSA Exam: How should you prepare?
The agencies published a joint statement to explain the risk-based approach to the BSA Examination process. However, the guidance does not provide the exact roadmap to which section of the exam procedures they will focus next. Rather it provides insights into the exam scoping process. This session will discuss the questions executive management and the BSA Officer should be asking and where you should focus your attention to ensure your institution is prepared for the next exam.

Lessons Learned from BSA Case Studies
Over time, BSA monitoring and reporting can often become redundant and routine as monitoring efforts don't always have exciting results. It is imperative that BSA professionals remain diligent to ensure that true BSA/AML concerns are not overlooked. Spoken from the perspective of bankers, this session will provide attendees with practical examples of what could go wrong relating to customer activity and what to look for in their organizations. From local kingpins to abuse of authority to desperate parents, this engaging session will provide several extreme stories of illicit customer activity.

Top 30 BSA/AML Violations
This fast paced and energetic session will review 30 of the most common compliance violations in 60 minutes. Aiming to communicate an average of 2 violations/problem areas per minute, the speaker will walk the tightrope between speed and effective communication. Violations have been compiled from the speaker's experience as an auditor, consultant, and BSA/AML professional as well as a survey of BSA professionals. Topics have been prioritized based on risk so that compliance professional can easily prioritize where to focus limited resources.

Currency Transaction Reporting Instructions Update
With minimal fanfare, FinCEN released revisions to the CTR Filing instructions for documenting multiple transactions and identifying the role of each person in Part I. This requires updates to batch filing software, adjustments to procedures and retraining for staff. This session will recap the changes and provide some examples to ensure that we implement the new requirements accurately.

Steps to a Successful Model Validation
Managing an automated monitoring solution is not as simple as turning on the software, no matter what the sales representative told management. Examiners expect to see that staff understands the data feeds, monitoring parameters and has adequate governance over the system's operation. Just because your vendor says the system is configured to "industry standards" does not mean that it is appropriately configured for your institution's risk profile. This session is tailored to preparing your institution for its next validation, but will also provide benefit for those institutions considering investing in an automated solution as you will be armed with the information that your sales representative may or may not tell you.

Virtual Currency: Exchanges Masquerading as Users
FinCEN restated its virtual currency guidance in the last year indicating that there continues to be a focus in this emerging technology. This session will focus on the suspicious activity red flags your institution should consider based on the guidance, due diligence steps and evaluate recent virtual currency related issues that have made headlines in the last year.

The Bank wants to provide services to that industry?
The FinCEN Culture of Compliance constantly reminds us that we need to balance profit with the infrastructure of managing risk. Many BSA Officers finds themselves faced with management that has a different risk tolerance. This session will discuss how to manage risk both from within your organization and also those risks that are being introduced to your organization. Learn to speak management's language in terms of profit and loss, understanding staffing needs, the soft costs of compliance and many other factors.

EDD: It's not just for high risk customers anymore
As we near the timeframe when the FFIEC begins revisions to the Examination Procedures, we've heard rumblings of additional focus on enhanced due diligence. Many institutions have anecdotally shared observations about increased examiner focus on enhanced due diligence documentation and process. This session will cover the evolving expectations of the 5th Pillar.

Hemp, CBD and Marijuana: Where are we today?
The clarity of marijuana, cannabis and their derivates seems more clouded by the "smoke" in the air than ever between the USDA, the FDA, Congress, FinCEN, prudential regulators and several state authorities. The session will cover the latest updates to proposed legislation and regulatory guidance to help your institution decide how best to navigate the uncertain terrain. Factor in major tax hurdles these businesses face, and you have a powerful incentive for some of the businesses to break the law.

BSA Pepper
In this lightning round, our entire panel discusses a wide range of key topics that don't individually require a lot of time but are nonetheless important.

Beneficial Ownership after the first exam cycle
It been almost two years since customer due diligence became the 5th Pillar and beneficial ownership data collection became a requirement. We'll discuss feedback institutions have received from their examiners. This session will also cover operational successes and setbacks as institutions work to comply with the requirements.

BSA: It's not just for Deposits
"How do I keep staff awake during BSA training?" "The Loan Department doesn't think that BSA applies to them." Although cash may be king when it comes to money laundering, once the placement stage is complete, other vehicles can be used for the layering and integration stage of money laundering. These aren't as easy to detect and a BSA Officer with a strong deposit background may not have the requisite knowledge to identify suspicious activity in other areas of the Bank. This session will expound upon money laundering red flags that do not involve deposit accounts and also provide real life examples that can help "spice up" BSA training for bank staff.

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