1. Required Director Training: BSA, Fair Lending and Insider Transactions

Required Director Training: BSA, Fair Lending and Insider Transactions

Required Director Training: BSA, Fair Lending and Insider Transactions
Event ID: 69332
Not for Sale
Recording: 12157

Duration: 90 minutes including question and answer session.
Presenter(s): Ken Agle, president, AdvisX
$299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Advisory Services).
Who Should Attend? Directors, senior management, training officers, in-house counsel, internal auditors

Effective governance of any financial institution in today’s world requires each member of the board of directors to be well-informed. Achieving that knowledge to guide and direct the organization is largely unstated. The exceptions to that are the three mandatory areas of training: BSA, Fair Lending and Regulation O. Perhaps the basis for the requirement of these areas is that they have both a material impact on the organization’s reputation and that they frequently carry the most significant penalties for noncompliance.

The trifecta of required director knowledge is a central point for directors seeking to fulfill their responsibilities as emphasized in the Pocket Guide for Directors. Conversely, lack of knowledge in these areas can lead to risks that, if left unchecked, will likely lead to serious issues and regulatory intervention. For the healthy institution seeking to remain healthy and minimize opportunities for regulatory criticism or for the institution seeking to overcome its shortcomings, this fundamental director training is essential.

But what specifically should be covered in training? The foundational elements certainly merit presentation, but such elements are insufficient to ensure effective governance. A priority for director training should include key trends within the regulations, areas where organizations have failed, and the factors that every director should know to avoid the pitfalls of ignorance.


This webinar presents both core elements that each director should understand as well as those aspects of risk that a director should be prepared to explore. We’ll cover key trends for each regulation and provide a series of specific questions for each of the three areas that every director should pose. We'll explore the possible responses and what those responses mean. We'll include such questions as the following:

  • BSA: How can I tell if our institution's approach to monitoring, detecting, investigating and potentially reporting suspicious activity is sufficient?
  • Fair Lending: What should be our primary concerns going towards 2020 even if we are not a HMDA reporter?
  • Regulation O: When did we last conduct a risk assessment on "insider" transactions, including extensions to affiliates, and what did the assessment conclude?

Through the exploration of these and other questions, directors will solidify their foundational understanding. They will gain critical insights into high-risk areas within their institution and be able to successfully discern meaningful responses from vague responses. Such understanding gives directors the keys they need to successfully fulfill their responsibilities to:

  • Keep themselves informed of the activities and condition of their institution; and
  • Keep themselves informed of the environment in which their institution operates.

You can train all of your directors on these vital topics in this compact and informative session and demonstrate to regulators that the training has taken place.

Please join our expert, Ken Agle for this informative and succinct session that goes beyond the typical overviews of "The Big Three" required training subjects, focusing instead on what your regulator expects your directors to be trained on in these three vital areas.


Your conference leader for "Required Director Training: BSA, Fair Lending and Insider Transactions" is Kenneth Agle. As president of AdvisX, Mr. Agle brings over 30 years of financial institution regulatory and regulatory response experience covering numerous facets of financial institution operations. Mr. Agle specializes in strategic regulatory response and in developing and implementing both proactive and reactive tools and systems to preempt and resolve issues affecting today’s financial institution. Prior to his consulting experience, Mr. Agle had been a financial institution examiner with the FDIC. As a commissioned examiner, Mr. Agle was principally involved in numerous examinations, including safety and soundness, compliance, BSA, IT and fair lending.


BankersWEB, a division of DKG Media, LP, wants you to be satisfied with your webinar. If this webinar does not meet your expectations, email us at [email protected].


BankersWEB certificates of participation are available to everyone completing this webinar.