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BSA/AML and OFAC Compliance - 3 Part Series

An in-depth look at the Bank Secrecy Act, Anti-Money Laundering provisions, and OFAC rules and regulations. We'll also focus on new developments in BSA compliance, as well as important risk issues and program management.

Upcoming
DATE

Monday, April 13, 2026
Wednesday, April 15, 2026
Wednesday, April 22, 2026

INSTRUCTOR

Carl Pry

FORMAT

Webinar

CREDIT TYPE

7.5 CRCM Credits

$829.00 or 3 Tokens

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Risk Management/Legal
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Customer Service Representative
  • Facilities Manager
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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Some people might think that regulatory attention to the Bank Secrecy Act (BSA) had decreased over the past couple of years, given other difficulties and areas of concern, such as fair lending, TRID, HMDA, and UDAP, and also due to the new administration and new priorities. Think again. With the safety and soundness of the entire industry the focus of news stories every day and many well-publicized enforcement actions, the regulators obviously haven't eased up. These rules are still very close to being the #1 issue facing compliance officers. As well, we’re seeing momentum toward (finally) modernizing several provisions of the BSA, including adjusting some long-overdue thresholds.

In this 3-part series, we’ll delve into every aspect of BSA and OFAC compliance, from program expectations, risk assessments, CTRs, SARs, CDD, EDD, beneficial owner rules, and much more.

We'll also talk about where the risk areas are and where examiners are criticizing institutions. Your comprehensive program must be continually updated, and we'll make sure you have the information you need to meet expectations.

Series Details

BSA/AML and OFAC Compliance - Part 1

An in-depth look at the Bank Secrecy Act, Anti-Money Laundering provisions, and OFAC rules and regulations. We'll also focus on new developments in BSA compliance, as well as important risk issues and program management.

Part 1

  • Latest legislative and regulatory developments, especially around potential modernization of the BSA rules and new thresholds for reporting CTRs and SARs
  • Valuable resources
  • Purpose of the Bank Secrecy Act
  • BSA program requirements, including the 4 (5?) pillars
  • The BSA risk assessment process – critical tool for compliance
  • Factors and methodology of BSA risk assessment
  • Currency Transaction Reporting (CTR) – hotspots and details, including exemptions

BSA/AML and OFAC Compliance - Part 2

An in-depth look at the Bank Secrecy Act, Anti-Money Laundering provisions, and OFAC rules and regulations. We'll also focus on new developments in BSA compliance, as well as important risk issues and program management.

Part 2

  • Suspicious Activity Reporting - the backbone of an effective BSA program
  • Customer Identification Program (CIP) requirements
  • Due diligence responsibilities, including Customer Due Diligence (CDD)

Know Your Customer

  • Beneficial Ownership rules – where we stand now and what will be changing
  • Enhanced Due Diligence (EDD) for high-risk customers
  • Money Services Businesses (MSBs) – a special type of customer
  • Selling monetary instruments for cash - collecting and retaining information
  • Funds transfer recordkeeping - more information collection

BSA/AML and OFAC Compliance - Part 3

An in-depth look at the Bank Secrecy Act, Anti-Money Laundering provisions, and OFAC rules and regulations. We'll also focus on new developments in BSA compliance, as well as important risk issues and program management.

Part 3:

  • Information sharing provisions under the USAPA
  • Marijuana and hemp banking
  • Elder abuse
  • Human trafficking
  • Digital currencies and related issues
  • Identifying customers and maintaining proper evidence under CIP rules

What You'll Learn

Each webinar will offer best practices and techniques you can implement in your organization.

Who Should Attend

Anyone in the institution who is involved in anti-fraud measures, including all three lines of defense, and senior management.

Carl Pry

Instructor Bio


Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors in Washington, DC. Through his more than 35-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.


Continuing Education Credit Information

BSA/AML and OFAC Compliance - 3 Part Series has been approved for 7.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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