A bank’s Board of Directors is responsible for oversight of the BSA/AML compliance program; approval of BSA/AML policies, and for providing sufficient BSA/AML resources.
While the Board and Senior Management may not require the same degree of training as operations personnel, they need to understand the importance of BSA/AML regulatory requirements, the ramifications of noncompliance, and the risks posed to the bank. Without this general understanding, the Board cannot adequately carry out their fiduciary duties.
Have your Board and Senior Management been sufficiently trained?
Join us for our one-hour BSA/AML webinar designed specifically for your Board and Senior Management. We’ll address current events and provide an overview of all the major requirements under the BSA and related regulations.