The Bank Secrecy Act (BSA) requires banks and credit unions to watch for illicit activity, including drug dealing, so staff need to understand how the drug market works. This 60-minute webinar looks at the market for weed, cocaine and opioids, including heroin, and what it means for your institution.
It opens with how to write the narrative section of a Suspicious Activity Report and how to run a criminal background check. You'll then review marijuana prices and felony thresholds by state, a marijuana price index, FinCEN's expectations for marijuana-related businesses, cocaine terms and pricing, and heroin and the opioid epidemic.
The session also covers DEA Drugs of Abuse fact sheets, criminal cases against doctors, National Prescription Drug Take Back Day, an FBI and DEA documentary on opioid abuse, and transaction red flags.
WHY SHOULD YOU ATTEND?
Drug supply and demand keep shifting, and BSA staff who know current patterns are better placed to spot suspicious cash activity and document it clearly. The session ends with a review and analysis of the cash transactions BSA officers use in investigations.
It suits bank and credit union compliance officers, BSA and AML officers, BSA analysts and investigators, CFOs and operations officers.
AREA COVERED
- Writing the narrative in a suspicious activity report
- Running a criminal background check
- Price of weed in each state and the amount needed for a felony conviction
- Marijuana price index
- FinCEN's expectations for marijuana-related businesses
- Cocaine key terms and pricing
- Heroin and the opioid epidemic
- DEA fact sheets from the Drugs of Abuse resource guide
- Criminal cases against doctors
- DEA National Prescription Drug Take Back Day
- FBI and DEA documentary on opioid abuse
- Summary review of transactions and what to look for
- Suspicious activity report and narrative review
LEARNING OBJECTIVES
- Write a clear narrative for a suspicious activity report
- Run a criminal background check as part of an investigation
- Explain FinCEN's expectations for marijuana-related businesses
- Recognize market terms, pricing and trends for marijuana, cocaine and opioids
- Use DEA and FBI resources to understand drug activity
- Identify transaction patterns that warrant further review
WHO WILL BENEFIT?
•Bank and credit union compliance officers
•BSA officers
•AML officers
•BSA analysts
•BSA investigators
•CFOs
•Bank or credit union operations officers
Drug supply and demand keep shifting, and BSA staff who know current patterns are better placed to spot suspicious cash activity and document it clearly. The session ends with a review and analysis of the cash transactions BSA officers use in investigations.
It suits bank and credit union compliance officers, BSA and AML officers, BSA analysts and investigators, CFOs and operations officers.
- Writing the narrative in a suspicious activity report
- Running a criminal background check
- Price of weed in each state and the amount needed for a felony conviction
- Marijuana price index
- FinCEN's expectations for marijuana-related businesses
- Cocaine key terms and pricing
- Heroin and the opioid epidemic
- DEA fact sheets from the Drugs of Abuse resource guide
- Criminal cases against doctors
- DEA National Prescription Drug Take Back Day
- FBI and DEA documentary on opioid abuse
- Summary review of transactions and what to look for
- Suspicious activity report and narrative review
- Write a clear narrative for a suspicious activity report
- Run a criminal background check as part of an investigation
- Explain FinCEN's expectations for marijuana-related businesses
- Recognize market terms, pricing and trends for marijuana, cocaine and opioids
- Use DEA and FBI resources to understand drug activity
- Identify transaction patterns that warrant further review
•Bank and credit union compliance officers
•BSA officers
•AML officers
•BSA analysts
•BSA investigators
•CFOs
•Bank or credit union operations officers