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Anti-Money Laundering Requirements Under the Bank Secrecy Act

Date: Tuesday, March 26, 2019
Time: 1:00-2:30 pm ET

Sponsored by Lorman Education Services

Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

Learn the latest and most important legal and regulatory developments in the Bank Secrecy Act, anti-money laundering and OFAC compliance.

Many professionals in the financial area find themselves tasked with meeting various aspects of anti-money laundering laws and regulations. These laws apply to a wide swath of businesses including car dealerships, banks, credit unions money services businesses and financial technology companies (fintechs).

For many companies, questions outnumber solutions. What should our anti-money laundering program include? How can we avoid problems without regulators? This topic is designed to address the basic design of the anti-money laundering regulations and the proper framework for meeting regulatory requirements.

The material will help you understand the components of a BSA compliance program and what it should be designed to achieve and is critical for the design and implementation of an anti-money laundering program that is effective and compliant.

Learning Objectives:

  • You will be able to define the various stages of money laundering and how they look in everyday transactions.
  • You will be able to describe the regulatory expected parameters for a complete and compliant BSA anti-money laundering program.
  • You will be able to explain why knowing the business model of your clients is the best way to develop an effective BSA compliance program.
  • You will be able to review the process for identifying high-risk accounts and making the decision to keep these accounts or de-risk them.

This Live Webinar Covers These Hot Issues:


  • Why We Have BSA Laws and Regulations; Money Laundering Has Been a Part of Our World Since the Beginning of Society
  • Brief Description of the Significant BSA Law Changes Over the Past 30 Years - a Discussion of the Focus of the Significant BSA Regulations
Why Is a Money Laundering a Problem?
  • Why Do We Care About This Topic – Recent Examples of How Money Laundering Impacts Our Daily Lives, Laundered Money Has Been Used to Do Everything From Funding Terrorism to Child Trafficking
  • Today Money Laundering Is Used to Fuel Several Illicit Industries
The Basic Money Laundering Transaction
  • Stages of Money Laundering
  • Placement – Introducing Dirty Money Into the Financial System
  • Layering – Attempts to Separate the Source of the Money From Its Owner
  • Integration - Returning the Money to the Owner in a New and Clean Form
  • What to Look for to Determine Each of These
Basic BSA Regulatory Requirements
  • The Five Pillars – the Basic Requirements of a Complete BSA Compliance System
  • Risk Assessments - the Basic Document to Use to Set up the BSA Program
  • CIP - the System for Identifying Who Your Customers Are and What to Expected From Them
  • KYC – the True Heart of an Effective Anti-Money Laundering Program, Knowing Who Your Customer Is and More
  • EDD - Some Customers Require More Monitoring Than Others, These Are High-Risk Customers
  • SARS – When Activity Being Conducted by Your Customer Is Unexplained, Time to File a SAR
Bringing It All Together
  • MSB's
  • MRB's
  • Regulators

Credit Information (Sponsored by Lorman Education Services)

  • CLE
  • CPE

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.


James DeFrantz, CRCM, CAMS, J.D., Virtual Compliance Management

  • 30 years of experience in financial service regulatory compliance
  • Worked with money service businesses in the United States and internationally
  • Specialist in compliance in consumer and real estate lending
  • Served as a senior compliance examiner at the Federal Reserve Bank in San Francisco; as an analytical manager at the Office of Thrift Supervision; and as a commissioned national bank examiner at the Office of the Comptroller of the Currency (OCC)
  • He has a certificate from the Pacific Coast Banking School of bank management
  • Certified regulatory compliance management and certified anti-money laundering specialist
  • J.D. degree, University of San Francisco; B.A. degree, Dartmouth College

(Not available outside the US)