BSA/AML issues have grown more important for banks of all sizes as state and federal regulators have increased their enforcement activity surrounding compliance failures. Regulators have increasingly focused their attention on the role of boards of directors in overseeing the BSA/AML compliance programs and the culture of compliance at their institutions.

Bank directors are facing numerous regulatory and strategic challenges, not just those from BSA/AML compliance, and can be easily overwhelmed with the minutia involved in complying with BSA/AML requirements and expectations. The American Association of Bank Directors’ (AABD) Bank Director Regulatory Burden Report chronicles more than 800 provisions in statute, regulation, and regulatory guidance that place responsibilities on bank directors. Bank boards are required to approve more than fifty written policies every year.

Separating the important from the unimportant is essential for board members to be effective. The purpose of this webinar is to provide board members and CEOs the tools they need to effectively supervise BSA/AML compliance efforts and also leave time to meet their other obligations.

This webinar will address the following questions:

  • As a bank director, what do you need to know to effectively oversee your bank’s BSA/AML compliance, and how can your management team help you?
  • What program elements should you be reviewing and what should be delegated?
  • What MIS reporting should you receive in your oversight role?
  • What corporate governance structure will your board need to effectively supervise your bank’s BSA/AML compliance?
  • What laws and regulations specifically place responsibilities on you and your board?
  • What are NOT your responsibilities as bank directors in BSA/AML compliance?
  • How can you help avoid an administrative action against your bank?
    • What do you do when the first hint of a potential action arises?
  • What are the lessons to be learned from civil money penalties issues by FinCEN and the public enforcement actions taken by prudential regulators against other banks?

Speakers:

  • David Baris, President of AABD and Partner at BuckleySandler LLP
  • Jewell D. Hoover, AABD Board of Advisors Member and Director at Fifth Third Bank
  • Charles T. Tuggle, Executive Vice President and General Counsel, First Horizon National Corporation

Who Should Attend: This webinar will be of particular interest to bank board members, CEOs, in-house legal, compliance, and risk management professionals at banks and other financial services providers.

When: Thursday, April 21, 2016 from 12:00 to 1:00 pm ET

Complimentary Registration: https://attendee.gotowebinar.com/register/1883960771251541763
Registration required. This webinar is closed to media. After registering and being approved, you will receive a confirmation email containing instructions for joining the webinar.  

Moderator:
James T. Parkinson focuses on international regulatory compliance counseling, corporate internal investigations, and enforcement defense litigation. He represents clients on a variety of criminal and civil enforcement actions, including Foreign Corrupt Practices Act (FCPA), securities fraud, insider trading, false statements, and environmental matters.