SARs and Cybercrime: What’s Expected and How to Execute

  • When: October 17, 2018
  • Time: 12PM – 2PM ET
  • Level: All

Cyber criminals continue to become more sophisticated and the cost of cyber-attacks is soaring. Experts are projecting damage costs to hit $6 trillion annually by 2021, making it the most lucrative form of theft in history. AML professionals are on the front lines of fighting cybercrime, and crucial to this effort are suspicious activity reports, or SARs. Panelists will cover best practices for fulfilling financial institutions’ responsibility to report cyber incidents, analyzing developments such as FinCEN’s cyber SAR requirements and the state of New York’s rules for cyber security and cybercrime reporting.

Learning Objectives

  • Reviewing cyber elements from the updated FinCEN SAR filing format and parsing FinCEN’s guidance on cyber-related SARs
  • Understanding new information collection and documentation tools and information sharing systems to incorporate cyber SAR requirements into existing filing systems
  • Detailing the NYDFS cybersecurity and cyberattack reporting requirements to ensure full compliance with applicable standards

Who Should Attend

  • Compliance Managers
  • Legal Advisors
  • FIU/FCC Personnel

Region/Sector

  • Global
  • North America
  • Bank
  • MSB
  • Securities

Pricing

ACAMS Members Non-Members
$195 $295
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Moderator

John Bandler
  • John Bandler, CAMS

  • Founder
  • Bandler Law Firm & Bandler Group

Speakers

  • Jason Frantz, CAMS

  • Director, FIU
  • Discover Bank

Amy Wotapka
  • Amy Wotapka, CAMS

  • BSA Officer
  • First America Bank