Extract to table

This training is a component of Workstream 5 (BSA/AML Program Governance & Training Enhancement) of the Comprehensive Remediation Action Plan ("RAP") that BRB is required to submit to the OCC by May 15, 2025

OCC-2025-003, so that each Board member and senior officer can articulate the nature and scope of the deficiencies identified by the OCC, the remediation requirements imposed, and the critical milestones and deadlines that must be met over the ensuing twelve-month period

All Board members and C-suite officers must complete their initial training sessions prior to the May 15, 2025 RAP submission deadline

Any Board member or senior officer who is unable to attend the scheduled session must complete a make-up session, to be arranged by BRB General Counsel Gregory Nardone and documented in the same manner

Every national bank is required to establish and maintain a BSA/AML compliance program that is reasonably designed to ensure and monitor compliance with the BSA and its implementing regulations

Multiple transactions conducted by or on behalf of the same person during a single business day must be aggregated if they total more than $10,000 in the aggregate