The Bank Secrecy Act (BSA) requires financial institutions to implement Anti-Money Laundering (AML) Programs that include filing reports and keeping records involving currency dealings and client relationships. For the past years, BSA regulatory expectations have heightened.
The trend is expected to continue in 2019 as the U.S. government increases its AML supervision and enforcement efforts. This leaves a call for financial institutions’ executives to consistently assess BSA reporting priorities and address BSA/AML Program compliance challenges to ensure a better position in 2019.
Our panel of key thought leaders and practitioners will offer a discussion of the fundamentals as well as updates regarding the latest and significant issues surrounding BSA Reporting Priorities. Speakers will also offer best practices in overcoming potential compliance challenges and in developing and implementing an effective BSA/AML Program.
Key topics include:
- The Bank Secrecy Act: An Overview
- Recent Trends and Developments
- BSA Reporting Priorities in 2019
- Common Risks and Pitfalls
- Best Practices