BSA Training for Board & Senior Management
The BSA “buck” stops with the board of directors. They have ultimate accountability for and oversight of your institution’s BSA compliance program and are responsible for ensuring a comprehensive, effective program. Does your board regularly assess the BSA program’s implementation and effectiveness? The examiners will!
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Describe how artificial intelligence, deep fakes, and synthetic identities work
- Explain the controls that can curtail fraud and money-laundering attempts
- Create a culture of compliance within your organization
- Identify what a risk assessment should entail
- Recognize the key elements of a Bank Secrecy Act (BSA) anti-money laundering (AML) program
WEBINAR DETAILS
Auditors and examiners review BSA compliance annually. Year after year, your AML/countering terrorist financing programs need to evolve as scams, frauds, and money laundering efforts become more sophisticated. With the addition of more electronic access and fewer face-to-face accountholder interactions, risks from fraud, deep fakes, misuse of artificial intelligence, and synthetic identities are becoming more pronounced. Examiners want to ensure you are up to date not only on changes to BSA and OFAC requirements, but also on how to handle these evolving risks. You are responsible for ensuring that enough resources are allocated to address these issues (as demonstrated by a $1.3 billion penalty against a bank who failed to do so). The examiners want to know how you intend to get there.
WHO SHOULD ATTEND?
This informative session is designed for directors, audit committee members, senior management, auditors, and compliance staff.
