We have been notified that our instructors for the April 8-9th AML/BSA Workshop have been advised to curtail travel due to the COVID-19 virus. As such, we have rescheduled the workshop to May 27-28th. We will automatically move your registration to these new dates. The location and all details will remain the same. We are truly sorry for any inconvenience this may cause. If you have any questions or concerns, please do not hesitate to reach out to us.
Please note: if you made hotel accommodations with the Embassy Suites through our room block, your reservation will automatically transfer to the new dates. If you made reservations outside the block, you will be responsible for changing them.
Who Should Attend
This workshop is suited for employees with AML/BSA responsibilities who have a basic understanding of anti-money laundering laws and regulations, including BSA officers, compliance officers, auditors, head tellers, and risk managers. Day 2 will focus on intermediate and advanced topics for BSA Officers who have been in the position for a while but need training on current BSA challenges.
13.5 CE hours will be given for this program
Day 1: BSA: AML Hot Topics
This session is designed to be a higher-level overview of the day to day responsibilities of the BSA officer.
In this session, we will cover the areas needed to provide you a good understanding your roles and responsibilities and what examiner expectations are of this position including:
Day 2: BSA: Advanced Issues and Emerging Trends
- Examiner hot topics
- Frequently asked CTR and SAR completion questions
- SAR or No SAR! – When to file and when to investigate
- Tips for documenting comprehensive SAR narratives
- Obtaining useful customer due diligence at time of account opening and thereafter.
- Understanding the importance of high-risk and moderate-risk customer monitoring.
- Implementing an effective training program for employees and the Board.
BSA compliance is not just about properly completing regulatory reports, but also being aware of the emerging trends that face the banking industry. This session will be dedicated to those issues that worry you the most. It is designed to provide an overview of all other high-risk pressing issues that you face.
- Beneficial ownership frequently asked questions.
- Managing CIP exceptions.
- New foreign customer W8BEN requirements.
- The financial institution's role in combatting human trafficking.
- Customer due diligence requirements for banking hemp growers and CBD oil sellers.
- Understanding the implications of banking Tier II marijuana business such as employees or vendors.
- Understanding virtual currency customers.
- Tips for internally validating automated surveillance monitoring systems.
- Overview of regulatory enforcement actions
As part of the paid attendance, each attendee will receive an updated comprehensive BSA/AML policy which will include a comprehensive cannabis and hemp policy.
Robin Guthridge, Senior Manager, CAMS, CRCM, Wipfli LLP
Kristen Ferwerda, Manager, CRCM, Wipfli LLP
Registration Fee (This fee includes materials, lunch, and refreshments)
NOTE: A bank may purchase one registration for the entire seminar and send different people to each day. Please submit separate registration forms for each person.
||$295 per day or $500 for both days
|Second person from same bank:
||$245 per day
|Qualified non-member bank:
|$500 per day or $1,000 for both days
Note: You will be given the option to pay by credit card or to invoice your
company during the checkout process.
Dates & Times
May 27 & 28, 2020
Check in: 8:30 AM
Program: 9:00 AM - 4:00 PM each day
Embassy Suites Hotel
2800 American Boulevard West
Bloomington, MN 55431
Click here for directions
Housing accommodations can be made directly with the Embassy Suites Bloomington by calling 952-884-4811. Ask for the Minnesota Bankers Association room block or group code MN1 or go to the Personalized Group Webpage. Group rate cut-off date is May 12, 2020. Attire is business casual.
The MBA reserves the right
to cancel programs due to insufficient enrollment, instructor illness, or other reasons. Participants wishing to cancel must inform the
MBA in writing prior to the event. Send cancellation notices to email@example.com. A cancellation fee of 25% of the program cost will be charged for withdrawing, or you may send a substitute. The full
program fee will be charged for withdrawing after the event has taken place or a no-show.
Qualified non-members are encouraged to apply. Please call our office for further information.
If you have a disability that may affect your participation in this program - or any dietary issues - please send a statement regarding
any special needs to firstname.lastname@example.org at least two weeks prior to the program. We will contact you to discuss