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Course description

2022 is behind us!. Crypto-assets were in the headlines. A major crypto collapse near the end of the year did nothing to assure banks or regulators that it’s time to take the crypto-plunge. Congress has yet to act to issue legislation to stabilize the crypto environment.

 

The Corporate Transparency Act and Anti-Money Laundering Act of 2020 have borne some fruit, with new FinCEN regulations in place requiring entities to start reporting to FinCEN information on their beneficial owners and principals starting January 1, 2024. Bankers are watching carefully for “the other shoe” – rules amending bank’s beneficial ownership gathering requirements – to drop, sometime near the end of 2023.

 The CFPB took up, and the Biden Administration joined, a crusade against “junk fees” as the Bureau focused on overdraft and deposit account fees, brandishing its UDAAP cudgel, with support from prudential regulators, especially the FDIC.

 And the list goes on!

 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 relax a bit, 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 90-minute presentation:

 

  • Operations area significant enforcement actions 
  • The latest on faster payments 
  • Same-day ACH settlement update
  • BSA/AML developments
  • Fintechs
  • Crypto-assets
  • UDAAP and overdraft and account fees
  • 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

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