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How to conduct an effective BSA Audit (Recorded)

  • Training

  • 60 Minutes
  • July 12, 2024 10:00 PST
  • Compliance Online
  • ID: 5974366
BSA rules and regulations must be followed by financial institutions. Although financial institutions have been managing BSA operations in accordance with regulatory requirements, the shift to BSA audits has become increasingly important. Regulators look to the financial institution for confirmation and proof that BSA operations are being audited properly to ensure that BSA efforts are implemented and managed properly.

Audits are an important aspect to be done right since you don’t want an examiner to find out irregularities beforehand. The FFIEC BSA/Anti-Money Laundering (AML) Examination Manual helps financial institutions with the steps to conduct an audit. It also highlights changes and areas where banks should review their internal policies, processes, and procedures for compliance. Understanding these changes will keep you prepared and updated for your next BSA/AML examination.

To ensure your audits and examinations go well, it’s important that your reporting is done timely and accurately. This presentation highlights BSA audit best practices, a step-by-step approach to an audit and understanding the current environment which can alter your approach.

Why Should You Attend:

During this webinar, Justin will discuss BSA reporting requirements and how to perform an audit effectively. In addition, Justin will discuss the current news that may impact an audit for this year.

Areas Covered in the Webinar:

  • The current BSA/AML environment
  • Understanding and conducting BSA audits
  • How to apply recommended BSA audit procedures
  • What to consider in your BSA audit
  • Takeaways

Who Will Benefit:

Anyone in a bank/compliance roll

Course Provider

  • Justin Muscolino
  • Justin Muscolino,