BSA/AML/OFAC Risk Assessments - Are You Doing Them Correctly

Although financial institutions have been managing BSA operations as per the regulatory requirements, the change in focus to appropriate BSA/AML/OFAC risk assessment has become increasingly important. Regulators look to the organization for insurance and evidence that BSA operations are appropriately performing risk assessments. Appropriate risk assessments are essential in an organization’s strategic planning and development, as well as ensuring compliance with laws and regulations.

This Bank Secrecy Act risk assessment seminar will highlight BSA best practices that are being acknowledged and recognized by regulators and examiners and will discuss each risk assessment area. Attendees will learn how to conduct a comprehensive review of their current organization’s BSA/AML/OFAC risk assessment.

Key goals of this BSA risk assessment course are:

• To review and evaluate policies and procedures for risk assessments
• To help identify your organization’s risks
• To determine your organization’s risk threshold based on the organization’s strategic plans and business models
• To discuss how to conduct a comprehensive review of your organization’s BSA/AML/OFAC risk assessment, including
  • Determining completeness of the risk assessments
  • Determining the thoroughness of risk assessments
  • Determining if current risk assessment matrixes are appropriate for your organization
• To discuss how to establish risk assessments for your organization, specifically:
  • BSA risk assessments
  • AML risk assessments
  • OFAC risk assessments
• To illustrate how to perform the risk assessments
• To highlight the need for periodically reviewing risk assessments to determine if they are still relevant, appropriate, and adequate
• To discuss implementing a BSA/AML/OFAC risk assessment program at your organization

• 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

Dr Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and financial regulatory compliance professional with extensive experience in policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting . Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with almost all financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and compliance articles, training materials, and manuals for numerous clients.

For Registration - http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-regulatory-requirements-seminar-training-80181SEM-prdsm?channel=speedycourse