MSB Compliance to speak at October 2010 PIC Conference

Payments Information Circle ( is focused on financial institutions, the vendors who serve them and the companies who are their customers.  PIC's mission is to be a payments information resource for financial industry members through networking, education and consulting.  PIC is having it's October Circle Meetings in Charleston, South Carolina from October 6 to 8.

Jay Postma, CAMS, President of MSB Compliance Inc. will be speaking to the group on Wednesday, October 6 concerning, "2010 Changes to BSA/AML Examinations".

In April 2010, the Federal Financial Institutions Examination Council (FFIEC) revised the Bank Secrecy Act / Anti-Money Laundering (BSA/AML) Examination Manual.  The revised manual includes a number of significant changes that will impact financial institutions including a new section on bulk currency shipments, and changes to procedures on ACH, Remote Deposit Capture and Funds Transfers, compliance program structures, and Suspicious Activity Reporting.  An examination of the changes and impact on community bank Safety and Soundness examinations by regulators and independent BSA/AML reviews will be discussed.