OVERVIEW
This Bank Secrecy Act risk assessment training will highlight BSA best practices that are being acknowledged and recognized by
regulators and examiners. We will also discuss AML risk categories and each
risk assessment area.
WHY SHOULD YOU ATTEND
Although financial institutions have been
managing BSA operations per the regulation requirements, the change in focus to
appropriate BSA/AML/OFAC risk assessment has been coming increasingly
important. Regulators look to the bank for insurance and evidence that BSA
operations are appropriately performing risk assessments. Appropriate risk
assessments are essential in a bank’s strategic planning and development,
understanding banking risk threshold as well as assisting in OFAC compliance.
This webinar highlights BSA/AML/OFAC risk assessments. The areas of focus
outlined in this webinar are based on best industry practice, supervisory
experience and cover the major components of an effective BSA risk assessment
program that audit focuses on. The instructor will look at these areas and the
specifics of each area as it pertains to BSA compliance.
AREAS COVERED
• Implementing BSA risk assessment
• Assessing policies and procedures for risk assessments
• Comprehensive risk assessment review for BSA / AML / OFAC
• Review of risk assessment matrixes
• Determining the effectiveness and thoroughness of risk assessments
• Understanding OFAC risk factors and performing risk assessments
LEARNING OBJECTIVES
Key goals of this BSA risk assessment course
are:
• To review and evaluate policies and procedures for risk assessments
• To help identify your organization's risks
• To determine your organization's risk threshold based on the organization's
strategic plans and business models
• To discuss how to conduct a comprehensive review of your organization's
BSA/AML/OFAC risk assessment, including
1. Determining completeness of the risk assessments
2. Determining the thoroughness of risk assessments
3. Determining if current risk assessment matrixes are
appropriate for your organization
• To discuss how to establish risk assessments for your organization,
specifically:
1. BSA risk assessments
2. AML risk assessments
3. OFAC risk assessments
• To illustrate how to perform the risk assessments
• To highlight the need for periodically reviewing risk assessments to
determine if they are still relevant, appropriate and adequate
• To discuss implementing a BSA/AML/OFAC risk assessment program at your
organization
WHO WILL BENEFIT
• BSA / AML Officers
• Internal Auditors
• Staff with roles and responsibilities in BSA / AML management and
oversight
• Money Service Business BSA/AML Officers
SPEAKER
Craig
Taggart has almost a decade of experience in the fields of mergers
and acquisitions and business financing. Mr. Taggart works strategically with
his clients to achieve the highest value for their business within the capital
markets. His experience with BCC Capital Partners in the M&A industry has
greatly contributed to his understanding of transaction structure, strategic
placement of buyers, and the attainment of maximum market value for his
clients. He has represented and sold many businesses in a number of different
industries and has significant experience working with companies in: continuing
education, transportation, software and professional services. Mr. Taggart is
currently working in the clean energy sector that covers multiple initiatives
within M&A and corporate development.
Use Promo Code XMSNY19 and get flat 20% discount on
all purchases.
To Register (or) for more
details please click on this below link:
Email: support@trainingdoyens.com
Toll Free: +1-888-300-8494
Tel: +1-720-996-1616
Fax: +1-888-909-1882