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Sharpen the SAR Investigation Component of Your BSA/AML Program
Webinar
11 AM CT
Presenter(s): Kenneth Agle
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
To file or not to file Suspicious Activity Reports (SARs): That’s the dilemma for financial institutions trying to comply with the Bank Secrecy Act. Spotting unusual transactions is easy; anti-money laundering software spits these out by the hundreds. The challenge is to determine which of these “unusual” transactions are also “suspicious” and should be reported to law enforcement officials. Making these essential distinctions requires robust, well-designed, highly effective investigations.
Join Ken Agle for a fast-paced, in-depth discussion of the strategies you can use to strengthen your investigations and maximize the effectiveness of your BSA/AML compliance program. Ken will explain:
- How to create a risk-based, Customer Identification Program that will enable investigators to focus on the highest risk alerts.
- How to use a risk-weighted matrix to guide your SAR investigations (a sample matrix will be included in the seminar materials).
- How to allocate investigation resources based on the risk levels of customers and activities.
- How to use the most effective investigation techniques to produce quality investigation reports.
- How to write a persuasive narrative supporting a SAR/No-SAR conclusion.
- How to apply the principals in the classic “Art of War” to your bank’s BSA program.
BIO: Kenneth Agle
As President/CEO of Counter Risk Group, Mr. Agle brings over 20 years of banking experience covering numerous facets of banking operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to launching his own consulting firm, Mr. Agle had been a bank examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including Safety and Soundness, Compliance, BSA, IT and Trust.
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