Training Course Syllabus:
BSA Risk Assessment: Documenting BSA/AML Risks to Comply with Regulatory Expectations Webinar
Objectives of the Presentation
What is a customer?
What are products & services?
What is included in geography?
Distinguishing between those three
Secondary Risk Factors
Inherent Risk - Mitigation = Residual Risk
Why Should you Attend
To assist in evaluating their current program, fine tuning their risk assessment, or achieving a sense of peace that they are "doing things right." The webinar will define a customer, products & services, and geography, distinguishing between those three; discusses the current regulatory requirements and the landscape, additional risk factors, what is residual risk and how to calculate risk planning for the future and the importance of an executive summary.
Review of the BSA/AML Risk Assessment regulatory requirement
Common audit findings in BSA/AML Risk Assessments
Outline of a Strong BSA/AML Risk Assessment
The executive summary
Planning for the future
Who will Benefit
BSA/AML Officers, Compliance Officers, Chief Compliance Officers, Sanctions Officers, AML Analysts, Risk Officers, Chief Risk Officers, Legal Departments, Risk Managers and CEO/Presidents at Banks, Broker-Dealers, Money Services Businesses and other non-bank financial institutions
BSA/AML/OFAC Risk Assessments form the backdrop for a strong BSA/AML/OFAC Compliance Program.