Description
Overview
BSA rules and regulations must be followed by financial institutions. Although financial institutions have been managing BSA operations in accordance with regulatory requirements, the shift to BSA audits has become increasingly important. Regulators look to the financial institution for confirmation and proof that BSA operations are being audited properly to ensure that BSA efforts are implemented and managed properly.
Audits are an important aspect to be done right since you don’t want an examiner to find out irregularities beforehand. The FFIEC BSA/Anti-Money Laundering (AML) Examination Manual helps financial institutions with the steps to conduct an audit. It also highlights changes and areas where banks should review their internal policies, processes, and procedures for compliance. Understanding these changes will keep you prepared and updated for your next BSA/AML examination.
To ensure your audits and examinations go well, it’s important that your reporting is done timely and accurately. This presentation highlights BSA audit best practices, a step-by-step approach to an audit and understanding the current environment which can alter your approach.
Why Should you Attend ?
During this webinar, we will discuss the current environment for audits, a deep dive on the audit process, tips & tricks, evaluation and more.
Areas Covered in the Session
- The current BSA/AML environment
- Understanding and conducting BSA audits
- How to apply recommended BSA audit procedures
- What to consider in your BSA audit
- Takeaways
Who will benefit
• Compliance and Risk Management Professionals:
• Bank Secrecy Act (BSA) Specialists:
• BSA Compliance Officer
• AML Analyst/Officer
• BSA/AML Compliance Specialist
• Risk Management Professionals:
• Chief Risk Officer (CRO)
• Risk Analyst
• Risk and Compliance Manager
• Audit and Examination Professionals:
• Internal and External Auditors:
• BSA/AML Auditor
• Internal Auditor
• External Auditor
• IT Auditor (for systems related to BSA compliance)
• Regulatory Examiners:
• Financial Institution Examiner
• Regulatory Compliance Examiner
• Financial and Executive Roles:
• Banking Executives:
• Chief Compliance Officer (CCO)
• Chief Financial Officer (CFO)
• Chief Operations Officer (COO)
• Operations and Legal Roles:
• Compliance Manager
• Corporate Counsel specializing in financial regulations
Instructor Profile
Justin, brings over 20 years of wide-arranging experience in compliance, training and regulations. He has previously worked as Head of Compliance Training for Macquarie Group, UBS, JPMorgan Chase, Bank of China, and GRC Solutions. Justin also runs his own Compliance Training company focusing on US & International regulations, JTM Compliance Training.
Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. He also serves as US Chapter Head for the Global Compliance Institute (GCI) and instructs at the Barret School of Business and various compliance training providers.
