Annual Operations Compliance Recap


Presented by: John Burnett
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This CD ROM will be available after February 7, 2022.

2021-What a year! As expected, the Biden-Harris administration's views influenced agency leadership and policies starting on Inauguration Day, January 20. Crypto-assets were in the headlines. At the beginning of the year, the OCC (under the previous administration) clarified that OCC-supervised banks and savings associations could participated in independent node verification networks of crypto-assets and use stablecoins to conduct payment activities. Near the end of the year, the OCC issued further clarification on those and other crypto-asset issues, focusing on risk-management and safety-and-soundness concerns.

The Corporate Transparency Act and Anti-Money Laundering Act of 2020 became effective on New Year's Day, 2021, and FinCEN has begun gearing up to review their provisions and make appropriate changes.

Treasury Department and IRS were challenged when issuing EIP distributions, and banks managed direct deposits to closed accounts and deceased individuals.

The FDIC sponsored a series of "Tech Sprints" to foster innovation.

The OCC issued-and later suspended-its "Fair Access Rule."

The Reserve Banks struggled with coin orders during the Pandemic.

And the list goes on!

We'll hit all the highlights during this fast review of the year's operations compliance issues and tell you where to find more information on developments you may have missed during the year.

What's new?
What's different that you need to be watching?
What do you now need to focus your attention on this year?

Find out about the changes that may have slipped through the cracks, or relax a bit, knowing that you've covered all the bases and are prepared to take on the coming year's inevitable challenges as the compliance environment continues to change.

Here are some of the things we'll cover in this fast-paced 90-minute presentation:
  • Operations area significant enforcement actions
  • The latest on faster payments
  • Same-day ACH settlement update
  • BSA/AML developments
  • Fintechs
  • Crypto-assets
  • Our annual "crystal ball" forecast
  • and more
About the Speaker: John Burnett joined Glia Group, Inc., and BankersOnline in 2004, and currently serves as Executive Editor. He is a 1990 honors graduate of the Stonier Graduate School of Banking and is an alumnus of the ABA National Compliance School, where he served on the faculty for several years.

John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company.

He was a member and Chair of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He is a regular presenter of BOL Learning Connect webinars and a presenter at BOL Conferences events. As a BOL Guru, John assists bankers handle common and uncommon compliance challenges on the site and its paid subscription service,

This program was recorded in its entirety in January 2022. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_oprecap0122
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Wednesday 29 November, 2006.

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