BSA-AML Examiner School - Series 2 eBook

Internal Use Only

AI & Machine Learning Technological advances in AML monitoring systems • AI, Machine Learning, other forms • BSA Officer responsibility

• AML Software • Fintech Partner • Fintech Customer • Trends • Discussion with examiners

STATE OF CALIFORNIA Department of Financial Protection and Innovation GOVERNOR Gavin Newsom · COMMISSIONER Clothilde V.Hewlett

The information discussed today does not represent the direct views or opinions of DFPI, but rather the examiner’s interpretation and opinion.

Internal Use Only

FINCEN Platforms FinCEN created two new and separate platforms

A. New platform CTRs, SARs and all reported data by FIs - Analyze data to ensure accuracy - 314(a) reports issues still are a concern A. New platform for Beneficial Ownership Information (National database with 3 phases) 1. Registration 2. Access 3. 2025 CDD will be reviewed