Thursday, September 16, 2021
3:00 pm – 4:30 pm Eastern
Lenders play a crucial role under the Bank Secrecy Act. They must be alert to attempts at money laundering, identify theft, loan fraud, and more – some of which require filing a SAR. Take this opportunity to learn more about the BSA implications for lenders and their responsibilities.
During exams, BSA examiners have been digging deeper and have begun to ask more questions about the lending function. Could an examiner find loan fraud that has gone undetected by your due diligence process? Is there a system for identifying false statements and attempts at identity theft on loan applications? Do lenders know that these activities may require filing a suspicious activity report? Is the process for documenting beneficial ownership effective? This program will address five important reasons that BSA training must be provided for lenders.
This informative session is designed for loan officers, loan operations staff, BSA officers, BSA staff, branch personnel, risk managers, compliance officers, and audit staff.
Susan Costonis, CRCM
Compliance Training & Consulting for Financial Institutions
Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.
Attendance verification for CE credits provided upon request.
If you are having issues with registering online, please contact CBAO's Education, Training & Special Events Coordinator, Patti Webb, (614) 610-1877.