Read Frequently Asked Questions
BSA/AML Compliance Checklists
This training on the Bank Secrecy Act will highlight the development and implementation of BSA/AML Compliance Checklists. Attendees will learn the best practices to avoid BSA violations.
Why Should You Attend:
Although financial institutions have been managing BSA operations per the regulation requirements, the change in focus to BSA audits has been coming increasingly important. Regulators look to the Bank for insurance and evidence that BSA operations are being appropriately audited to ensure that BSA efforts are appropriately implemented and overseen. To ensure this is being done, BSA/AML checklists can assist in ensuring all components are being addressed and evaluated appropriately, as well as identify any deficiencies or gaps that need to be addressed.
“BSA / AML Compliance Checklists” highlights BSA / AML checklists that are being acknowledged and recognized by regulators and examiners. The areas of focus outlined in this webinar are based on best industry practice, supervisory experience and cover the major components of an effective BSA program that appropriate checklists focuses on. The instructor will look at these areas and the specifics of each area as it pertains to BSA.
In this webinar, instructor will discuss the checklists and how they can enhance a BSA/AML program.
Areas Covered in the Webinar:
- Developing BSA/AML Compliance Checklists
- Recommended fields for checklists
- Implementing checklists
- Assessing policies and procedures for checklists
- Determining effectiveness and thoroughness of checklists
- Ensuring qualified employee oversight of daily BSA operations
Who Will Benefit:
- BSA / AML Officers
- Internal Auditors
- Staff with roles and responsibilities in BSA / AML management and oversight
- Money Service Business BSA/AML Officers
- Corporate Audit
Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. 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 all of the 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 as requested from numerous clients.
Financial institutions are required to be compliant with BSA rules and regulations. Such compliance needs to be well documented and consistent to ensure financial institutions avoid BSA violations and implications. Financial institutions’ BSA Programs must have adequate policies and procedures, comprehensive risk assessments, monitoring programs, training programs, qualified employees overseeing the BSA daily operations and independent testing programs. To ensure the BSA program is comprehensive, BSA/AML checklists can be used for evaluation and monitoring, as well as a tool for identifying areas that must be addressed. Effective BSA / AML checklists will ensure that all these components are not only implemented but are appropriate, adequate and thorough to meet the BSA rules and regulations and the needs of the financial institution. Having a strong BSA program will ensure that financial institutions are proactive in preventing BSA violations occurring and implementing corrective action for BSA issues or implications that may be identified in the BSA program.
ComplianceOnline would process/provide refund only if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs."
For substitution, please email email@example.com or call +1-650-620-3937.
This training hasn't been reviewed yet.
Bank Secrecy Act (BSA) Audit Best Practices Preparing Your Bank for BSA Audit Knowing Your Customer - Monitoring and Auditing for PEPs and Other High Risk Customers BSA Compliance and Prepaid Cards