Home :: Bank Secrecy Act :: BSA/AML Compliance School
" June 12 & 13, 2019, the only real BSA/AML School you can attend without buying a plane ticket! Click here for the schedule. "
Program Info
Speaker: Laura Wilson
Sponsor:
Program times: 9:00 AM to 4:00 PM
All times are local.
Price: $590.00
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This is a two-day event in Lexington at the Embassy Suites: June 12 and 13, 2019.

How do you maintain your credentials for managing, auditing or implementing the portion of your institution’s compliance function that relates to money laundering, terrorist financing and even national security? You will answer that question during every future BSA/AML regulatory examination. Your answer will serve as the regulators’ first impression of you and your bank’s compliance efforts. Your continued attendance at Pegasus' BSA-AML Compliance School establishes your bank’s, and your own commitment, to staying abreast of the most dynamic and pervasive compliance responsibility your institution has.

Every bank must provide ongoing training to those responsible for BSA and AML compliance. This school gives your institution an opportunity to listen to and interact with industry experts. It also allows you a unique opportunity to get some rare “how to” instruction in BSA/AML compliance issues.

This is not an introductory program; all attendees should receive at least six hours of formal BSA/AML training prior to attending. Pegasus sponsors a one day BSA/AML overview program in several locations across the state in January that meets these introductory requirements.

The school's curriculum changes every year to reflect recent developments and common problems. This year's schedule is:

Day One

8:30 AM - 9:00 AM: Continental Breakfast

9:00 AM – 10:30 AM: Laura Wilson, Principal, Pegasus Educational Services, LLC presents What Happened since Last Year? A fast paced review of the BSA/AML compliance milestones we all passed since the last 12 months. Insights are offered about how these developments may or may not affect your day to day compliance efforts. The major enforcement actions, BSA reporting trends, proposed regulations, notices of proposed rulemaking, and interagency guidance are all addressed. 

10:45 AM – Noon:  U.S. Attorney Robert M. Duncan, Jr. addresses issues with Money Laundering in the Commonwealth. As United States Attorney, Mr. Duncan is the top-ranking law enforcement official in the Eastern District of Kentucky, which encompasses the 67 easternmost counties in the Commonwealth. His office is responsible for prosecuting federal crimes in the District, including crimes related to terrorism, public corruption, child exploitation, firearms and narcotics. Crime pays and the money needs to be laundered. Banks play an important role in the detection and reporting of money laundering which may lead law enforcement to the suspect. U.S. Attorney Duncan gives us an “end game” perspective.

Noon: Lunch

1:00 PM – 2:30 PM: Dr. Theresa Hayden, a professor at the University of Louisville’s School of Criminal Justice addresses Human Trafficking – Modern Day Slavery and how banks can help in the fight to stop it. There are more enslaved human beings in the world today than in any other period in history! According to FATF, world-wide proceeds from this crime soared from $32 billion in 2008 to $150.2 billion in 2018, and its profitability continues to rise. Where is all of that money going? Much of it finds its way to or through traditional banks. Dr. Hayden will define the crime and give us tools to help recognize the financial flow of human trafficking. We can be a part of the solution!

2:30 - 2:24 PM:  Break

2:45 PM – 4:00 PM: Doris Hamilton, the Industrial Hemp Program Manager for the Kentucky Department of Agriculture will facilitate the session on Hemp in Kentucky! – What is the plan for hemp in Kentucky? What is the difference between hemp and marijuana? How can banks make the distinction for banking purposes? Ms. Hamilton will discuss the 2018 Farm Bill’s impact on the hemp industry in the Commonwealth and provide a better understanding of the legal framework to grow and process hemp in Kentucky. She will also identify documentation available to verify authorized participation in state supervised programs. *Laura will end the session and the day by putting a very quick, practical spin on the BSA officer’s concerns regarding policies and procedures, and some tips on how to respond to account requests. If FinCEN provides guidance on the subject in the interim, rest assured it will be included for discussion. 

4:00 PM - Day One adjourns

 

Day Two

8:30 AM - 9:00 AM: Continental Breakfast

9:00 AM – 10:30AM: What to Expect in Your Next BSA Examiniation: Representatives from FDIC, OCC, FRB and the KDFI are all invited to participate in this year's regulatory panel. Your regulatory agency's representative provides an overview of his/her agency’s current approach to BSA/AML examination. Attendees will have an opportunity to ask questions and participate in give and take discussions.  This is your chance to see what the focal points of your next on-site examination might be. You are asked to submit written questions on day one of the program or submit questions in advance to maureen@pegasusedu.net with the subject line BSA School Panel Question.

10:30 AM – 10:45 AM: Break

10:45 AM - Noon: A representative with Verafin has been invited to deliver an informative session entitled Up Your Game – Innovation, Fraud Detection and Your AML Systems: What is available? How does it work? What information is generated? Why do we need it? How much trouble will ensue if the systems are not used to their full potential? This is not a commercial for Verafin, but rather a look into intelligent AML software and its pros and cons. Come with questions!

Noon - 1:00 PM: Lunch 

1:00 PM – 2:15  PM:  Lamar Wilson, Chief Executive and Technology Officer, Hijro Inc. in Lexington, KY and a Representative from the Department of Justice U.S. Attorneys office – Eastern Kentucky Division is invited to present Unraveling the Mysteries of Cryptocurrency: Mr. Wilson is a founder of the world’s first trade finance blockchain network. His company powers solutions designed to optimize working capital for businesses and streamline supply chain operations. His presentation covers cryptocurrency, Bitcoin ATMs, distributed ledger technology, and blockchain. Say what? That is exactly why we included this presentation. This session also includes information from Kentucky law enforcement on how traditional bankers may encounter suspicious use of cryptocurrency, what types of activity are of interest to law enforcement, and when reports of this activity may have been useful in investigation and prosecution of crimes involving the use of cryptocurrency.

 

2:15 PM – 2:30: PM Break

2:30 PM  - 4:00PM: A representative from the  Department of Justice U.S. Attorneys office – Eastern Kentucky Division is invited to address Cybercrime – A 21st Century Plague of Biblical Proportion: It is lucrative and (practically) anonymous. It is bloodless and requires no heavy lifting. It can destabilize the security of a nation and financially devastate an individual. It can be as international team effort or the work of a bored high school student. It can come from around the corner or around the world. Cybercrime knows no boundaries. This session provides a current picture of cybercrime in the Commonwealth and a close up of how banks can prevent, detect and report.

4:00 PM: Program Ends

We do not block sleeping rooms.  Please make a hotel reservation early if you want to stay at the meeting site.  

Dates & Locations

Date Location Property Name Phone Map
Wednesday, June 12, 2019 Lexington, KY Embassy Suites 859-455-5000 ‎ Map for this Location
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Attendee Info

Registration opens 30 minutes prior to the program.

Please bring a jacket or a sweater. Temperature is often difficult to control.

All attendees registered receive an email reminder three days prior to the program. For questions about registration click here or call 1-888-550-4555.

Meals and breaks : Continental breakfast.
Lunch is provided.
Breaks provided.

Cancellations: Substitutions are always welcome. Paid registrants cancelling up to 7 days prior to the seminar receive full refunds. There are no adjustments for cancellations received after that date, including those that may be related to weather.  

Speaker Bio

Laura Wilson is a principal with Pegasus Educational Services, LLC. She is a gifted trainer who proves learning can be fun. Audiences routinely comment that her recollection of material content and sense of humor are unique among presenters on technical topics.

Her career in training on banking related issues began in 1987. At one time she served as the regulatory compliance trainer for a $3 billion savings bank. Later, she was a senior consultant and full-time trainer for a regional consulting firm for financial institutions.

She has served on the faculty of the OTSí Level I Compliance School and the FDICís Bank Operations and Compliance School for examiners. In addition to presenting seminars for 17 state banking associations, she has been an instructor at compliance schools sponsored by the Iowa, Kentucky, Texas and Pennsylvania bankers associations. She is also a member of the American Society for Training and Development.