Common Mistakes in Your BSA Program That Lead to Regulatory Scrutiny

Description

Join us for an insightful webinar where we will delve into the frequent pitfalls financial institutions encounter in their Bank Secrecy Act (BSA) compliance efforts. Our expert will highlight critical errors such as inadequate risk assessments, insufficient staff training, and ineffective transaction monitoring systems, which can attract regulatory attention and lead to severe penalties. Attendees will gain practical strategies to identify and rectify these common issues, ensuring robust compliance and minimizing the risk of enforcement actions to enhance your BSA program and safeguard your financial institution from regulatory scrutiny.

Key Takeaways:

• Common reasons for BSA regulatory scrutiny.
• Key risk management controls for complying with regulatory requirements.
• Top pillar violations of BSA Programs.
• Effective Oversight and Governance of Your BSA Program.

Who Should Attend?

• BSA Officers and Support Teams
• Compliance Teams
• Deposit Operation Teams
• Electronic Banking Teams
• Fraud Management Teams
• Front-Line Teams (Customer/Member Service Representatives)
• Internal Auditors
• Information Security Officers
• Risk Management
• Senior Management/Executive Management

Speaker: Terri Sands, CAMS – Audit, AAP, CFE, CACTS, Managing Director, Payments, Regulatory Compliance and Financial Crimes and Scott Rosenbaum, CPA, APRP, CAFP, CFE, Director, Disputes, Claims, & Investigations

Topics include:

• BSA - AML