Introductory BSA AML Examiner School Manual Palm Springs 2019

Moderated Monitoring Companies Panel Jessica Caballero, Abrigo Sara Rose Ahonen, Verafin In this section, the instructors will moderate a panel of representatives from automated monitoring system companies.

3:00 PM

Wrap-Up Session Amy Richardson, Jessica Southworth, and Tom McVey

4:00 PM

Adjourn

4:30 PM

Thursday, September 26, 2019 8:30 AM

Review of Day 3 Material Amy Richardson, Jessica Southworth, and Tom McVey

Automated Monitoring Systems Amy Richardson This section will discuss the examination implications of BSA/AML automated monitoring systems.

9:00 AM

Break

10:00 AM

Case Study - Automated Monitoring Filters Amy Richardson

10:15 AM

Examination Results Amy Richardson This is the section where the class will go over the examination results and recommendations.

10:45 AM

Lunch

11:45 AM 1:00 PM

Money Transmitters and Prepaid Access Cards Tom McVey

An overview of the money transmission industry, including the types of business models utilized. Additional discussion will be on how banks perform due diligence on Money Transmitter accounts on an ongoing basis. This module will also discuss the different types of prepaid access devices, how the prepaid market is structured and regulatory updates. Risks and mitigates for prepaid access devices will also be reviewed.

Break

2:00 PM 2:15 PM

BSA Exam Findings Exercise Amy Richardson

Emerging Issues Amy Richardson This module will discuss emerging products and services. Risks and mitigates will also be reviewed.

3:15 PM

Wrap-Up Session Amy Richardson, Jessica Southworth, and Tom McVey

4:00 PM