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|Event Name:||BSA Risk Assessment: Documenting BSA/AML Risks to Comply with Regulatory Expectations|
|Date:||Tuesday, February 21, 2017 11:00am CST|
|Panelist(s) Info:||Terri Sands AAP, Founder - Secura Risk Management|
|Credits:||1.2 AAP Credits, 1.0 CPE Credit|
There is an increase in regulatory scrutiny over how financial institutions document their BSA/AML risk controls in the risk assessment. Even though financial institutions have been documenting risk assessments over a long period of time, the expectations have moved from a generalist approach to a more meaningful and specific approach that truly outlines the specifics of the BSA/AML program. Regulators look to the bank to provide strong evidence that the risk assessment represents the BSA/AML program including services, geography, and customer types. Appropriate risk assessments are essential in a bank’s strategic development and board of director’s governance.
This session will cover: