Course description

 On July 3rd FinCEN published a notice of proposed rule making for the AML/CFT Priorities it previously published in June 2021. The proposed rule addresses requirements for many different industries, but one item is consistent across all industries subject to AML/CFT Requirements: We will need to consider the AML/CFT Priorities as part of our AML Risk Assessment. 

 

In this session we will consider how existing risk factors that you already consider can assist you in evaluating these new risk factors. We will explore FinCEN advisories that provide valuable guidance relating to financial crimes the priorities target. Finally, we will discuss how best to incorporate the new risk factors into your existing framework. 

 

While the rule is not finalized, now is the time to begin planning ahead so that your institution is prepared to implement the rule once FinCEN issues a mandatory compliance date. 


 

 

Instructor(s)

Brian Crow

Brian Crow is managing partner and co-president for TCA Compliance and is a nationally recognized BSA/AML expert with a strong bank compliance management background and a welcome ability to provide focused educational support to TCA client banks. Mr. Crow most recently was BSA Administrator for a suburban Chicago bank, where his responsibilities included the bank’s annual assessment and audit documentation. Earlier, as Operations Officer at the same bank, Mr. Crow monitored AML activity and helped install automated AML software that allowed the bank to transition from paper to electronic CTRs. His activities were responsible for reducing debit card fraud by 95 percent at the bank. Mr. Crow has been, and continues to be, an education consultant for the Glia Group BOL Learning Connect program, conducting webinars that have covered VISA/MasterCard chargebacks, debit card compliance and fraud prevention for hundreds of banks. It was in this role that Mr. Crow was recognized as a Bankers Online Guru in 2011. Like many of us, Mr. Crow began his banking career as a teller, working his way up to head teller and then branch management responsibilities. He earned a B.A. degree from Concordia University, River Forest, Illinois.

Course curriculum

  • 1

    FinCEN AML/CFT Priorities Rule: What do I Need to Know Now?

    • Watch Playback

  • 2

    Materials

    • Printable Slides

    • AMLCFT Article

    • AMLCFT Priorities Risk Assessment Example

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