BSA/AML/OFAC Risk Assessments and Evaluation Compliance Program - How to Deal, Change and Create Efficiencies and Effectiveness Processes

This webinar will highlight BSA/AML/OFAC risk assessments and evaluation compliance program. It will discuss BSA definitions, OFAC rules, Currency Transaction Reporting (CTR), Suspicious Activity Reporting (SAR) including additional requirements, such as 314(a), PEPs, and Pouch activities and much more.

Why Should You Attend:

The Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) rules require risk assessments for all industries subject to these laws. The scoping and planning of an examination process is guided by the examiner’s review of the BSA/AML risk assessment. Information gained from the examiner’s review of the risk assessment drives the scoping and planning process as well as the evaluation of the adequacy of the BSA/AML compliance program.

A part of the BSA/AML program is to understand how to deal with risk profiling, funds transfers, Currency Transaction Report (CTR) and more. From your development of the risk assessment, you can drive how to handle all of these tasks.

This webinar will explain BSA/AML/OFAC risk assessments and evaluation compliance program. It will discuss how BSA/AML risk assessments can be used to create efficiencies and effectiveness processes.

Areas Covered in the Webinar:

• Creating and updating your risk assessments
• Using your risk assessments: drive down costs & revise processes
• Handling of blocked or rejected transactions
• 314(a) List Coverage
• Politically Exposes Persons (PEPs): how to identify and what to do
• Customer Identification Rules
• OFAC Rules
• Suspicious Activity Reporting: how to identify and handle

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
• Corporate Audit
• Compliance Officers
• Risk Managers