Teaching Your Front Line Staff How to Ask BSA Questions

Teaching Your Front Line Staff How to Ask BSA Questions



Office of Technical Assistance

  Product ID : NOLL-0010

  Level : Intermediate

  Duration : 60 Minutes

Thomas E Nollner has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner. The last 15 years as an NBE and for the past 8 years as a consultant, Mr. Nollner has specialized as an AML/CFT examiner/consultant. In these roles he has analyzed financial institutions’ AML/CFT programs to ensure that they complied with applicable AML/CFT laws, rules, and regulations; he reviewed the suspicious transactions identification, monitoring, and reporting processes; he traced proceeds and transactions through several layers of activity; and he provided AML/CFT training for many different financial institutions.

Mr. Nollner currently works as a consultant for the Office of Technical Assistance (OTA), a branch of the US Treasury that assists developing countries with banking issues.  Mr. Nollner is assigned to the Economic Crimes Team that focused on training, assisting, and mentoring the staff of the financial regulatory departments and financial intelligence units of various countries regarding AML/CFT compliance. In this capacity, he worked in countries such as Afghanistan, Iraq, Turkmenistan, Viet Nam, Honduras, Guatemala, Guyana, Suriname, and Argentina developing AML/CFT examination procedures, providing AML/CFT training and mentoring, and updating local AML/CFT laws and regulations.

This Bank Secrecy Act (BSA) training program will explain how to train your frontline staff to ask BSA questions. It will cover Currency Transaction Reports (CTR), Monetary Instrument Log, and Suspicious Activity Reports (SAR) scenarios and questions, and much more.

A financial institution’s front line staff is the staff who usually has the most contact with customers and as such this staff has the opportunity to build the best relationship with a customer. In addition, this staff has the best and most opportunities to update customer information and gather KYC, CDD, and EDD information. It is important and required to gather information in order to build a customer profile and to establish a customer’s expected activity in order to identify a customer’s suspicious activity so that this suspicious activity can be accurately reported on Suspicious Activity Reports. This webinar will help attendees understand how the front line staff can accomplish this task.

Learning Objectives

The frontline staff of any financial institution is the first line of defense for BSA compliance. Therefore, an ill-trained frontline staff could lead to the collapse of an institution or the imposing of enforcement actions from the regulators. A strong and well-educated frontline staff will help develop a strong back office BSA department for your institution.  Often, the frontline staff does not know why they are asking BSA questions or what the focus of BSA truly is. This webinar will not only give your frontline staff viable scenarios and ways to respond during the customer question and answer process, but this training will also explain why your staff is asking the questions in the first place. Another valuable section of this webinar will teach the frontline staff when questions need to be asked. Most staff are familiar with how and why they ask questions related to CTRs and the Monetary Instrument Log, but they need to be able to look at a customer’s account history so as to understand how to ask questions related to the SAR process.

Who Should Attend   

  • Frontline bank staff
  • On-boarding staff
  • Customer relations staff
  • Back office staff
  • BSA Officer
  • Compliance Officers
  • Suspicious activity investigators and analysts
  • $200.00

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