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BSA Risk Assessments

The idea behind having a BSA Risk Assessment is to break down your bank’s BSA/AML risks into smaller, more manageable parts.  There is no specific methodology which means that each bank’s risk assessment can, and likely will, look different.  No two banks are the same.  The BSA Officer and your BSA Team play a crucial role in developing and updating your risk assessment.

Kevin explains more in the video.

Ready to learn more?  JOIN US for our webinar, “Bank Secrecy Act Officer/Team Responsibilities”.  Featured topics include:

  • Current Events and Hot Topics
  • Updates on AML Reform and the New Exam Manual
  • BSA/AML & OFAC Risk Assessments
  • Program Requirements (Controls, Testing, Training, Officer & CDD)
  • Customer Identification Program
  • Customer Due Diligence (Including the Beneficial Owner Rule)
  • Currency Transaction Reports & Exemptions
  • Suspicious Activity Reporting Requirements
  • OFAC, 314(a) and 314(b) Requirements

Published
2022/02/07

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