Preparing Your Bank for BSA Audit

Instructor: Gina Lowdermilk
Product ID: 702859
  • Duration: 60 Min
This BSA (Bank Secrecy Act) compliance training will highlight how a bank can best prepare for a successful BSA audit as acknowledged and recognized by regulators and examiners.

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: May-2013

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-362-2367


Read Frequently Asked Questions

Why Should You Attend:

Although financial institutions have been managing BSA (Bank Secrecy Act) operations according to regulatory requirements, audits must be conducted to determine and evaluate compliance with those laws and regulations. BSA audits have become increasingly important. Regulators look to the bank for ensuring that BSA operations are being appropriately audited and that BSA efforts are appropriately implemented and overseen. Being prepared for these audits is more important than ever as lack of preparation can have detrimental consequences such as enforcement actions or fines.

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 audits focus on. Attendees will get an in-depth understanding about assessing BSA policies and procedures. The webinar will also discuss how to do risk assessments and monitor programs and the importance of ensuring qualified employee oversee daily BSA operations.

Areas Covered in this Webinar:

This webinar will look at the following areas and the specifics of each area as it pertains to BSA audit preparation:

  • Assessing BSA policies and procedures.
  • Assessing policies and procedures.
  • Reviewing Risk Assessments.
  • Review of monitoring programs
  • Determining effectiveness and thoroughness of training programs
  • Ensuring qualified employee oversight of daily BSA operations
  • Assessing independent testing
  • Who will Benefit:

    This online training will be beneficial to following personnel in financial institutions of any size and money service businesses:

    • BSA / AML Officers
    • Internal Auditors
    • Staff with roles and responsibilities in BSA / AML management and oversight
    • Money Service Business BSA/AML Officers
    • Human Resource staff in charge of BSA/AML training
    • Corporate Audit

    Instructor Profile:

    Dr. Gina J. Lowdermilk ,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. Ms. Lowdermilk’s 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. She has worked with all of the financial regulators and examiners. 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.

    Topic Background:

    Financial institutions are required to be compliant with BSA rules and regulations. Such compliance needs to be well documented and consistent to ensure these 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 established in order to be positively evaluated for a BSA Audit. An effective BSA audit program is one that sufficiently plans accordingly for a BSA audit. This 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 audit 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.

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    Refund Policy

    Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund 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. Substitutions can happen any time.

    If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

    We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email call +1-888-717-2436 (Toll Free).

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