2025 Director Update – Bank Secrecy Act

Date Recorded: May 1, 2025
Presented by: Mark W. Dever, AAP, CAMS, Director, Forvis Mazars, LLP

A sixty-minute webinar to update members of the board on current issues of interest and concern in AML/CFT/BSA compliance.

“Treasury will continue to press on a number of actions to protect our financial system from being accessed by narcotic traffickers from all four sides of the U.S, border… We will also continue to protect our homeland from human and child smugglers and traffickers, all with amplified priority”.

Honorable Scott Bessent, Secretary
United States Department of Treasury
April 2, 2025

Recent Congressional focus and well-publicized BSA enforcement actions and fines continue to support a climate where AML/CFT/BSA compliance remains of paramount importance to all financial institutions. Treasury continues to rely on financial institutions to serve as the “front-line gatekeepers” for law enforcement efforts to safeguard the U.S. financial system from the abuses of financial crimes, including money laundering and terrorist financing. Upcoming changes and planned modifications to the BSA compliance process will continue to impact all financial institutions during 2025.

This sixty-minute webinar from ProBank Education Services will provide members of the Board with a “snapshot” of the current issues of interest and concern within the area of AML/CFT/BSA compliance.

This webinar compliments existing internal education/status sessions to meet the annual BSA training requirements for the board; and allows time for questions from participants.

HERE’S WHAT YOU’LL LEARN:

• The Director responsibilities under the Bank Secrecy Act
• Important changes and new developments in BSA
• Current trends In Suspicious Activity Reporting (SAR) and monitoring
• Status of the major components of Anti-Money Laundering Act (AMLA) of 2020