December has ushered in some updates to the BSA/AML Examination Manual.
Kevin explains more in the video.
The FFIEC did point out these updates are not intended to impose any new requirements and do not mean there will be any increased examiner scrutiny in these areas. We are in the process of reviewing the details of these updates and plan to cover them at our upcoming webinar, “BSA/AML New Year Update”.
So, what else is up in the world of BSA/AML?
You’ve probably heard us say a lot lately that change is coming. The BSA/AML reform is real and will impact your institution. While we haven’t seen final rules being issued quite yet, it’s only a matter of time. Now is the time to start preparing!
Kevin offers a few preparation tips in the video.
The “BSA/AML New Year Update” webinar will also feature topics such as:
- Recap of the Changing BSA/AML Landscape going into 2022
- BSA/AML Reform: Preparing for Change
- Updating Your Risk Assessment: Priority Considerations
- The New BSA/AML Exam Manual Update
- Recent Enforcement Actions and What You Need To Know
- Mitigating Money Laundering/Terrorist Financing Risk
- Emerging Risks: Cannabis, Crypto and Fraud
- Good to Great: Evolving Your Customer Due Diligence Program
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them.
Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).