Trust Updates Archive

20050808BSA BSA/Anti-moneylaundering Webcast and Seminars

(August 8, 2005--Chicago, IL)--Compliance with Bank Secrecy Act and anti-moneylaundering requirements have caused substantial confusion at financial institutions, resulting in some steep fines. To assist banks and thrifts, federal regulators announced a national outreach program in July, including five regional half-day seminars in San Francisco, Dallas, Chicago, New York City, and Miami. Because seminars in New York City and Miami have already reached capacity, regulators announced today that the New York City seminar--on August 22--will be simulcast and available for on-demand viewing on the internet for 3 months. To register to participate in the "live" simulcast go to

Regulators say the content of each event will be substantially similar and their format allows for participant questions and feedback. The events are sponsored by federal bank and thrift regulators, in conjunction with the the Financial Crimes Enforcement Network (FinCEN). The seminars focus on the recently released BSA/AML Examination Manual which emphasizes a financial institution's responsibility to establish and implement risk-based policies, procedures, and processes to comply with the BSA and safeguard operations from moneylaundering and terrorist financing.

Space is still available at the following seminars, to register go to:

August 15, San Francisco Regional Outreach Meeting

August 17, Dallas Regional Outreach Meeting

August 19, Chicago Regional Outreach Meeting

-- Copyright ©2005 A.M. Publishing, Inc., Trust Regulatory News

No statement in this issue is offered as or should
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