Description:
The Bank Secrecy Act (BSA) and its requirements for Anti-Money Laundering (AML) programs began in 1970 with the goal of detecting and preventing financial crimes, money laundering, terrorist financing, and tax evasion. The federal law mandates reporting of cash transactions over $10,000 and the filing of Suspicious Activity Reports (SARs) for potential illegal activity. BSA applies to banks, credit unions, and other financial service providers and is administered by the Financial Crimes Enforcement Network (FinCEN). This session will describe recent changes to the BSA that have been approved for 2026 and others that may be in store.
Speaker:
Mr. Kelly Goulart, Regulatory Compliance Manager for the Independent Bankers Assoc. of Texas, assists member banks with regulatory compliance issues and develops training programs. He began his banking career as an Internal Auditor and later moved to regulatory compliance. He has worked in banks and as a consultant in Virginia, South Carolina, and Texas in the areas of compliance, audit, and credit review. He has held the positions of Compliance Officer, BSA Officer, Chief Operations Officer, Chief Financial Officer, and Director. BBA in Business, UT-San Antonio with post graduate work in Economics and public policy. He is a Certified Regulatory Compliance Manager (CRCM), a Certified Internal Auditor (CIA), a Certified Community Bank Compliance Officer (CCBCO), A Certified Anti-Money Laundering Specialist (CAMS), and a Certified BSA / AML Professional (CBAP).
