Webinar | February 18th, 2025 | 90-minutes | 10:00am-11:30am CENTRAL Time | $199

Overview:

On October 10, 2024, the following was in a consent order issued by FinCEN.

TD Bank vastly underinvested in its AML compliance efforts, with TD Bank knowingly spending an order of magnitude less than its peers. Additionally, the Bank’s AML staffing was not proportionate to its size, risk profile, and ongoing compliance concerns: during the periods of TD Bank’s most acute issues (including those related to backlogs from insufficient staffing), AML spending remained flat. The systemic failures of TD Bank’s AML program caused actual and material harm to the U.S. financial system.

Would you want this statement in a public consent order about your financial institution?  During this program we will look at lessons learned for smaller institutions.  This 99-page consent order and $1.3 Billion fine from FinCEN has some golden nuggets for those financial institutions trying to run a good program.  Learn more.

Highlights:

• How much should a financial institution spend on BSA/AML?
• What does wrong when alerts backlog?
• What happens to product development?
• What happens to your financial institution’s expansion plans?
• What is the role of your Board of Directors?
• What is demarketing an account? Why should this be timely?
• What are inadequate cash handling procedures?
• Can you avoid screening transactions?
• How to monitor insiders
• What is effective monitoring? Zelle, P-2-P, ACH, Wires and more
• What should be done about high-risk jurisdictions?

Who should attend?

 BSA/AML Officers, Management, Board of Directors, Compliance, Training and Staff

Seminar Instructors

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation.  Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.

Leslie Nicely, Senior Vice President for Gettechnical Inc. brings with her a wealth of practical banking experience.  Her 30+ years include various positions with a local community bank including teller, teller supervisor, new accounts, lending, Branch Administration Officer, BSA/AML Officer and Security Officer and more.  She graduated from the Virginia Bankers Association School of Bank Management. Her experience includes management, operations, lending compliance, fraud management, training, security and customer service.  Her down-to-earth approach to training and her technical expertise makes her a real asset to our industry.

Registration 

The cost to attend this all-day seminar is $199 for one connection*. *You may have as many listeners as you wish for your ONE connection (ONE computer login). If you would like additional logins for additional locations/computers, please contact our office or note names and email addresses in the comments sections of the registration form. A fee of $75 will be billed for each additional login. Please register the person you wish to receive the log-in and handouts links.

Registration fees include instruction, live interaction with the instructor, any materials and manuals used by the instructor (digital), and a link to the recordings of the class. (You will have unlimited access to the recording for 90 days.)

Cancellation and More Information

Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the meeting. If the date of cancellation is less than ten days prior to the meeting, a $75 processing fee will be retained. No refunds will be given for cancellations made the day of the program. If you need additional information, please call (888) 773-4839.