Bank Secrecy Act (BSA) Enforcement Action Guidance – ON-DEMAND WEBINARS


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SKU: SWEAG Category:

Recorded: December 9, 2021
Presented by: Mr. Mark Dever, CAMS, VP and Senior Consultant, FORVIS

Most financial institutions strive to maintain the proper compliance with the BSA, but occasionally “issues” do arise. In 2020, FinCEN and the four Federal Bank Regulatory Agencies published two statements covering their approach to the enforcement of the Bank Secrecy Act when such issues are discovered. The FinCEN statement describes the factors used by the administrator of the BSA to determine the appropriate enforcement response when it identifies actual or possible violations of the BSA. The interagency statement sets forth the agencies’ policy on the circumstances in which an Agency will issue a mandatory cease and desist order to address noncompliance with certain BSA/AML requirements. The interagency statement also describes the circumstances in which an Agency may use its discretion to issue formal or informal enforcement actions or use other supervisory actions to address BSA-related violations or unsafe or unsound banking practices or other deficiencies. This webinar will review both documents, as well as discuss feedback obtained from class attendees regarding the current examiner approach to BSA/AML exams.

Here’s What You’ll Learn:

  • Ingredients within FinCEN’s Statement on BSA/AML Enforcement;
  • Major points within the interagency Statement on BSA/AML Enforcement;
  • Attendee Feedback and experience from recent BSA exams; and
  • Allow time for questions from attendees.

Recent well-publicized BSA enforcement actions, fines, and deferred prosecution agreements continue to support a climate proving BSA compliance remains of paramount importance to all financial institutions. This two-hour webinar from FORVIS will provide the compliance and audit staffs with the latest information on BSA enforcement and the federal audit approach to BSA/AML compliance.

Who Should Listen

This webinar will be of most value to members of the compliance and audit communities.

Program Level: Basic to Intermediate

Prerequisite/Advanced Preparation: Basic Knowledge of BSA AML Compliance Rules

Field of Study: Specialized Knowledge

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Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.

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