Recent BSA enforcement actions have cited lack of board and management oversight as a significant violation. BSA Officer communication with the board starts with effective initial and ongoing training. It continues with periodic reporting to keep directors informed not only of your BSA program, but of the ever-changing regulatory environment.
In this session, we will discuss appropriate training content as well as the frequency and type of reporting most needed by the board. We will highlight the details that directors need most to support their decision-making and enhance their understanding of your institution’s BSA/AML risks.
What You’ll Learn
- Understand the BSA responsibilities of your directors
- Develop a comprehensive ongoing BSA training program for the Board
- Explain your institution’s current BSA/AML risks and the impact of pending BSA regulation and changes
- Use provided templates and information to create detailed board reports
- Distinguish the key details your examiners will be looking for in your board reporting
Who Should Attend
This informative session is ideal for BSA officers, members of the BSA department, and senior management.