BSA Training for Board & Senior Management

Auditors and examiners review BSA compliance annually. Year after year, your AML/countering terrorist financing programs need to evolve as scams, frauds, and money laundering efforts become more sophisticated. With the addition of more electronic access and fewer face-to-face accountholder interactions, risks from fraud, deep fakes, misuse of artificial intelligence, and synthetic identities are becoming more pronounced. Examiners want to ensure you are up to date not only on changes to BSA and OFAC requirements, but also on how to handle these evolving risks. You are responsible for ensuring that enough resources are allocated to address these issues (as demonstrated by a $1.3 billion penalty against a bank who failed to do so). The examiners want to know how you intend to get there.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.