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Course description

Even in a “quiet” year with relatively few legal or regulatory developments, there are always some operations compliance changes. The Prepaid Accounts rule became effective April 1. There were revisions to the Call Report. Some significant BSA/AML penalties were imposed, and OFAC made its usual collection of announcements of sanctions program and SDN List changes, OFAC violations and settlements. There was guidance from FinCEN and a Fed proposal for a new service to provide faster payments. Funds availability policies will be affected next year by amendments to Reg CC. The IRS proposed changes to the life expectancy and distribution tables affecting minimum distributions from IRAs and other retirement accounts.


The NCUA changed its rule on public unit and nonmember shares. There was increased encouragement of innovation in the provision of financial services and in products, services and approaches to enhance anti-money laundering and countering the financing of terrorism efforts. Treasury renewed its effort to convert all federal government payments (except tax refunds) to electronic delivery, and FinCEN made a surprise change in its instructions for filing CTRs.


We’ll hit all the highlights during this fast review of the year’s operations compliance issues and tell you where to find more information on developments you may have missed during the year.


What's new?

What's different that you need to be watching?

What do you now need to focus your attention on this year?


Find out about the changes that may have slipped through the cracks, or sit back in comfort, knowing that you've covered all the bases and are prepared to take on the coming year's inevitable challenges as the compliance environment continues to change.


Here are some of the things we'll cover in this fast-paced two-hour presentation:


  • UDAP and UDAAP in the operations area – significant enforcement actions 
  • Overdraft programs – what’s going on? 
  • Latest info on banking marijuana-related businesses
  • Promises of faster payments around the corner
  • Changes to Reg CC 
  • Same-day ACH settlement update
  • BSA/AML developments
  • Our annual “crystal ball” forecast
  • and more

Instructor(s)

John Burnett

John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking, and is also a graduate of the BAIs and the Massachusetts Banker Associations Schools of Banking.John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc. and the BankersOnline.com team in June, 2004. He is a frequent presenter of BOL Learning Connect webinars, and at BOL Conferences events.He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force as Regulation DD was being written, and has served on several ABA and Massachusetts Bankers seminar panels.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers
  • 3

    Webinar Evaluation

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