Streamlining Your BSA High-Risk Review Process

Description

A significant BSA regulatory requirement is ongoing review of higher risk clients. Periodic high-risk reviews help financial institutions ensure they have updated Customer Due Diligence and identified risks associated with a client that presents an elevated level of risk due to the nature of their business or other factors. This webinar provides attendees with best practices on how they can streamline the periodic review process based on a well-documented risk-based approach from risk rating through the review process.

Speakers: Terri Sands, Managing Director, Payments, Regulatory Compliance and Financial Crimes, Stout

Topics include:

• FFIEC guidance for determining high-risk customers.
• Effectively risk rating your high-risk customers.
• Documenting the frequency of high-risk reviews.
• Important documentation to include in your high-risk reviews.
• Common audit findings in high-risk reviews.

• BSA Officers
• Fraud Teams
• Client Facing Teams
• Deposit Operations/Electronic Banking
• Compliance Officers
• Internal Audit
• Information Security/Technology
• Senior/Executive Management

Topics include:

• BSA - AML
• Risk Management