BankerCollege

Over the past several years, there have been increased scrutiny by examiners on BSA/AML and an increased number of consent orders and scrutiny on the financial institutions policy and risk assessment. Many financial institutions, both big and small, are being hit with enforcement actions and severe penalties based on their weak policies, internal controls and risk assessments. Many financial institutions have found ongoing scrutiny for lack of documented controls, expected controls and changed regulation and laws reflected in both the BSA policy and risk assessment. What are the expectations of documentation, how do you ensure that the policy and risk assessment reflect the current program? What are the best business practices for updating these policies with new regulation, laws, expected documentation and does the risk assessment reflect data analysis or can it simply state the low, moderate or high-risk categories? This webinar will cover all these questions and provide answers to assist financial institutions have a clearer understanding of their responsibilities and expectations to comply. 

Topics include: 

• Overview of FFIEC Guidance on BSA Policy and Risk Assessment Documentation
• Known weaknesses in financial institutions program and risk assessment
• Red flags of non-compliance with the internal control pillar specific to BSA Policy and Risk Assessment
• Best Business Practices for documenting your BSA Policy and Risk Assessment

Who Should Attend? 

• BSA Officer and support teams
• Risk Managers
• Compliance Officers and support staff
• Internal Auditors
• Senior Management

BONUS Take-Aways

• This webinar will include a FAQ Frequently Asked Questions document.