Performing BSA/AML/OFAC Risk Assessments: Components, Techniques and Best Practices

OVERVIEW

This 60-minute webinar will summarize the importance of performing BSA/AML/OFAC risk assessments properly. It will discuss the various components needed in order to implement an effective risk assessment, as well as, what is needed to maintain an appropriate risk assessment on-going of BSA/AML/OFAC. It will provide insight to what regulators and examiners expect from financial institutions in their BSA/AML/OFAC risk assessments.

WHY SHOULD YOU ATTEND

Attend the webinar to learn the techniques of performing BSA/AML/OFAC risk assessments properly and know why it is so important for financial institutions.

AREAS COVERED

• BSA/AML/OFAC risk assessment expectations
• Importance of working with all areas of financial institution for establishing appropriate risk ratings for BSA/AML/OFAC
• Areas to be covered by the risk assessment
• Risk rating guidelines and suggestions
• Monitoring of banking risk threshold and risk ratings

LEARNING OBJECTIVES

Participants will be able to:

• Conduct an effective BSA/AML risk assessment for your financial institution
• Implement effective BSA/AML risk assessments
• Implement best risk assessment strategies
• Advise management on continuous monitoring of BSA/AML risk
• Advise management of how the BSA/AML risk assessment plays a critical role in the Enterprise Risk Model
• Recommend BSA/AML risk assessment approaches and oversight

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 Auditors
• Risk Managers
• Legal Department Personnel
• Regulators
• Compliance Officers