One thing we hear from banks quite often is that they struggle to maintain a high level of awareness when it comes to monitoring for actual and potential suspicious activity.
It’s easy for Bank Secrecy Act awareness to dim in the day-to-day grind.
One recommendation that we make in order to maintain awareness over the long haul is to make BSA/AML, and more specifically suspicious activity, a standing agenda item in any meetings you have. This keeps it in the forefront.
Listen to the video as Jerod explains more.
This is just one of the many things that we’re going to be talking about in our upcoming webinar, “All About Suspicious Activity Monitoring & Reporting”. We will spend two hours looking at regulatory best practices, the expectations, the requirements, and lay them out for you in plain English. We hope you’ll join us!
Find out more about BSA here – https://www.bankerscompliance.com/banking-regulations-compliance-services/reviews-2/the-bank-secrecy-act-bsa/