Teaching Your Staff to Ask BSA Questions

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    Speaker: Thomas Nollner


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    Duration: 60 Minutes
    Product Code: 50324
    Level: Intermediate

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OVERVIEW

During this webinar we will discuss what questions to ask, the specific KYC/CDD questions, the general customer update questions, and most importantly, the questions related to suspicious activity.  When this webinar is over, you will understand what information is available, how you should analyze the information, what your regulators expect from you institution, and some of the dangers of not fully complying with KYC/CDD information gathering requirements. You will be able to apply what you have learned during this webinar to you job function immediately upon returning to work after the seminar.

WHY SHOULD YOU ATTEND

The frontline staff of any financial institution is the first line of defense for BSA compliance. Therefore, an ill-trained frontline staff could lead to the collapse of an institution or the imposing of enforcement actions from the regulators.  A strong and well-educated frontline staff will help develop a strong back office BSA department for your institution.  Often, the frontline staff does not know why they are asking BSA questions or what the focus of BSA truly is.  This webinar will not only give your frontline staff viable scenarios and ways to respond during the customer question and answer process, but this training will also explain why your staff are asking the questions in the first place.  Another valuable section of this webinar will teach the frontline staff when questions need to be asked.  Most staff are familiar with how and why they ask questions related to CTRs and the Monetary Instrument Log, but they need to be able to look at a customer’s account history so as to understand how to ask questions related to the SAR process.

AREAS COVERED

We will cover the responsibilities of frontline staff, customer service vs. bank preservation, updating customer information, CTR, SAR, and Monetary Instrument Log scenarios and questions, building a strong relationship between the frontline staff and back office staff, and developing a culture of compliance in the frontline staff.  We will also address, what customer information to gather, how to gather the information, why gathering the information is important, and how your financial institution can use the information.

LEARNING OBJECTIVES

This webinar should provide you with a clear understanding of how, why, and when your front line staff should ask your customers KYC/CDD questions, and the importance of the front line staff working well with the back office staff.

WHO WILL BENEFIT

The following employees will benefit from the webinar, frontline bank staff, on-boarding staff, customer relations staff, back office staff, BSA/AML Officers, Compliance Officers, and suspicious activity investigators and analysts

SPEAKER

Years of Experience: 35+ years

Areas of Expertise: AML/CFT Laws and Regulations

Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. As a safety and soundness examiner he examined national banks for capital adequacy, asset quality, management issues, earnings concerns, and liquidity funding.

As a compliance examiner, he examined national banks for compliance with consumer laws and regulations such as the Truth-in-Lending Act, the Real Estate Settlement Procedures Act, the Flood Disaster Protection Act, the Community Reinvestment Act, and AML/CFT laws and regulations.

His specialty was as an AML/CFT examiner, where he analyzed a bank’s AML/CFT program to ensure that it complied with applicable banking laws, rules, and regulations; he reviewed the bank’s suspicious transactions identification, monitoring, and reporting process; he traced proceeds and transactions through several layers of activity; and, he reviewed a bank’s processes and procedures to determine root causes of AML/CFT program weaknesses.

Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the U S Treasury that assists developing countries with banking issues. Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staffs of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance.

In this capacity, Thomas worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

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