Rising to the Challenge
The BSA Coalition was founded in 2008 with the primary objective of providing the tools, resources and expertise to assist financial institutions to create highly effective BSA/AML programs.
Membership includes bankers and regulatory representatives from various federal and state banking agencies.
Our unique approach comes from the strong desire of those involved to create compliance programs on the leading edge of managing and anticipating ever-changing AML risks.
Membership is FREE and offers access to representatives from regulatory agencies, creating an environment where we can build consistency in the interpretation of the regulations and development and administration of your AML compliance program.
Joe Soniat, Union Bank and Trust
Dan Soto, Ally Financial
Elaine Yancey, Richmond Fed
Beverly Jules, New York Fed
David Kim, New York Fed
Beneficial Ownership -What Constitutes a “Triggering Event?”
Register for the seminar here:
Date: October 4, 2017 | Time: 10:00 – 11:00 a.m. EDT
BSA Coalition Presents: A Conversation with AML Thought Leaders Megan Hodge and Chris Gumm
With the effective compliance date of FinCEN’s customer due diligence/beneficial ownership rule drawing near, we know that you are working hard to prepare for your organization’s conformance. No doubt you are juggling several moving programs and processes, communicating with many different stakeholders. Most importantly, you are working hard to ensure you understand not only the contents of the rule, but the practical considerations of implementing the rule.
One concept of the rule that may give you pause is the term “triggering event” which has been referenced in the context of updating beneficial ownership information and ongoing monitoring. Experts will offer their perspective on defining the term within your policy, and the operational considerations in implementing triggering events within your monitoring program. So take this opportunity to join Megan and Chris for a question and answer session about this highly anticipated rule!
Stay tuned to your email. A link to the webinar will be coming to your inbox shortly.
Another Great Summer Conference in Richmond!
The 2017 BSA Coalition June Conference (according to our post-event survey) was a great success! We appreciate the positive feedback. Many thanks to all of you who attended as well as to all who gave their time and resources to make the event successful. Special thanks to the Richmond Fed for providing high-quality meetings spaces — and the tasty box lunches.
The AML Risk Conundrum - What Does AML Risk Really Mean?
The BSA Coalition training event, “The AML Risk Conundrum – What Does Risk Really Mean?,” is now available. Industry experts from both small and large banks and a regulator weighed in on this issue and addressed the challenges of assessing, defining, communicating and managing risk concerns. The event was recorded on November 17, 2016 and the video and materials are now available.
Beneficial Ownership – Preparing Your Front Line
The March 14th webinar has passed, but you can still access the online recording and download the presentation slide deck.