This presentation begins by reviewing the narrative section of a Suspicious Activity Report. Then we’ll review today’s marketplace for weed, cocaine and opioids including heroin. We wrap up the presentation by doing a summary review and analysis of the cash transactions that BSA officers and staff use in their investigations.
The Bank Secrecy Act requires banks to monitor for unscrupulous activity such as tax cheats and drug dealers. With today’s supply and demand for drugs it is imperative that your staff is up to date on the trends in the marketplace.
Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and former BSA officer and compliance officer for an $800M commercial bank in Atlanta before it sold twice in one year. He has taught anti-money laundering throughout the southeast and on-line since 2008. He has spent over 20 years in retail banking, wholesale mortgages and financial services.