Description:
Financial institutions play a critical role in detecting and preventing financial crimes. This session provides a clear, practical introduction to Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance—equipping participants with the knowledge needed to identify risks and fulfill regulatory responsibilities with confidence.
By the end of this session, participants will be able to:
- Understand the purpose and scope of BSA/AML regulations
- Recognize key money laundering and terrorist financing risks
- Identify core components of an effective AML compliance program
- Understand employee roles and responsibilities in maintaining compliance
- Apply basic concepts to real-world scenarios
Topics
- Introduction to BSA/AML
- Overview of BSA and AML laws
- Regulatory framework and governing bodies
- Why compliance is critical
- Understanding Money Laundering
- Stages of money laundering: Placement, Layering, Integration
- Common techniques and red flags
- Emerging risks and trends
- AML Compliance Program Essentials
- The Five Pillars of BSA/AML Compliance:
- Internal controls
- Independent testing
- Designated BSA officer
- Training programs
- Customer due diligence (CDD)
- Customer Due Diligence (CDD) & Know Your Customer (KYC)
- Customer identification and verification
- Beneficial ownership requirements
- Risk-based approach to customer monitoring
- Suspicious Activity Monitoring & Reporting
- Identifying suspicious behavior
- Currency Transaction Reports (CTRs)
- Suspicious Activity Reports (SARs)
- Reporting timelines and requirements
- Roles & Responsibilities
- Employee accountability
- Escalation procedures
- Building a culture of compliance
Participants will leave with:
- A solid understanding of AML fundamentals
- Awareness of regulatory expectations
- Practical tools to identify and report suspicious activity
- Increased confidence in fulfilling compliance responsibilities
Presenters:
Kimberly Boatwright, CRCM CAMS FLE
Kimberly Boatwright is EVP and Director of Risk and Compliance at Compliance Resource, LLC and has more than a two decades of experience working in the financial services industry. Ms. Boatwright is a well-regarded financial industry risk and compliance professional with a strong background in program development and implementation. She is a thought leader who specializes in Fair Lending, Anti-Money Laundering, OFAC and consumer compliance. During her career she has worked for and consulted with all types of financial institutions helping to establish and evolve compliance and risk programs. She is a frequent public speaker, trainer, and author on compliance and risk management topics. Kimberly is a Certified Regulatory Compliance Manager, a Certified Anti-Money Laundering Specialist and a Fair Lending Expert.
June 2, 2026