Program Description:
The new BSA/AML Exam procedures are forcing many institutions to take a closer look at their compliance programs. Central to the requirements is a comprehensive risk assessment covering all aspects of Bank Secrecy Act, anti-money laundering, USA Patriot Act, and Foreign Asset Control compliance. This must be tailored to the specific risks your institution faces. You must look at your own customers, products, and geographic areas in which you do business in order to determine component risk profiles, as well as an overall risk profile of your institution.
Would you be ready for a visit by the examiners? The information presented in this session will help you understand the rules and what examiners expect.
This two-hour course covers:
- Customer Due Diligence (CDD)
- Enhanced Due Diligence (EDD)
- Geographic factors
- Higher-risk products and services
- BSA activities risk
- How to put it all together
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
Compliance officers, auditors, and attorneys will benefit from this information, as they often are the ones who must draft these complex programs, administer them, and audit them.
Presenter:
Carl Pry, J.D., Director of Fair Lending Compliance for KeyBank in Cleveland, Ohio. Mr. Pry provides a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
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