Regulators expect banks to show that their BSA operations rest on sound risk assessments. This BSA/AML/OFAC risk assessment training covers practices that regulators and examiners recognize, along with AML risk categories and each assessment area.
You'll learn how to review policies and procedures for risk assessments, identify your organization's risks and set a risk threshold based on your strategic plans and business models.
The session explains how to review your BSA, AML and OFAC risk assessments for completeness and thoroughness, judge whether your risk matrices fit your organization, perform each type of assessment and review them periodically so they stay relevant and adequate.
Appropriate risk assessments support strategic planning, help a bank understand its risk threshold and assist with OFAC compliance. The topics are based on industry practice and supervisory experience and cover the components of a BSA risk assessment program that auditors focus on.
The session suits BSA/AML officers, internal auditors, money service business BSA/AML officers and staff with BSA/AML management or oversight duties.
Appropriate risk assessments support strategic planning, help a bank understand its risk threshold and assist with OFAC compliance. The topics are based on industry practice and supervisory experience and cover the components of a BSA risk assessment program that auditors focus on.
The session suits BSA/AML officers, internal auditors, money service business BSA/AML officers and staff with BSA/AML management or oversight duties.
Craig Taggart
Craig Taggart has almost a decade of experience in the fields of mergers and acquisitions and business financing. Mr. Taggart works strategically with his clients to achieve the highest value for their business within the capital markets. His experience with BCC Capital Partners in the M&A industry has greatly contributed to his understanding of transaction structure, strategic placement of buyers, and the attainment of maximum market value for his clients. He has represented and sold many businesses in several different industries and has significant experience working with companies in continuing education, transportation, software, and professional services. He is currently working in …
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