Posts tagged with "bank secrecy act"

BSA AML 101, 201, 301: Bank Secrecy and Money Laundering Webinar Series

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, March 4, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, March 5, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, March 6, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA AML 101, 201, 301: Bank Secrecy and Money Laundering Webinar Series

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, March 4, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, March 5, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, March 6, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA AML 101, 201, 301: Bank Secrecy and Money Laundering Webinar Series

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, March 4, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, March 5, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, March 6, 2019

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA Bank Secrecy Act: 2018/2019 Reporting Requirements

Register Now

Anti Money Laundering AML ImageReal or perceived, over the last several years regulatory expectations have been heightened. As we enter 2018, and embark in a new year, what can we expect regarding Bank Secrecy Act (BSA) reporting expectations? The BSA requires that financial institutions have AML Programs that are “reasonably designed” to maintain appropriate records and file certain reports involving currency transactions and a financial institution’s customer relationships. Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) are the primary means used by banks to satisfy the requirements of the BSA.

As set forth in the introduction of the BSA, the regulations were originally intended to aid investigations into an array of criminal activities, from income tax evasion to money laundering. Law enforcement agencies have found CTRs to be extremely valuable in tracking the huge amounts of cash generated by individuals and entities for illicit purposes. SARs used by financial institutions to report identified or suspected illicit or unusual activities are likewise extremely valuable to law enforcement agencies.

The biggest failure of an AML Program is the failure to file or to adequately file SARs. As we wrap up 2018 and begin a new year, it’s a good opportunity to assess BSA reporting expectations and to address the question of how to define a “reasonably defined” BSA/AML Program.

This insightful BSA webinar will discuss the following points:

  • Purpose and evolution of the BSA
  • Overview of BSA reports and requirements
  • Benefits of BSA reporting to law enforcement
  • Measuring regulatory expectations for BSA reporting

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Wednesday, September 26, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

1.2 AAP Credits
1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA AML 101 201 301 – Bank Secrecy and Money Laundering Webinar Training

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, September 10, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, September 11, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, September 12, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA AML 101 201 301 – Bank Secrecy and Money Laundering Webinar Training

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, September 10, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, September 11, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, September 12, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

BSA AML 101 201 301 – Bank Secrecy and Money Laundering Webinar Training

Register Now

The Bank Secrecy Act (BSA) requires financial institutions to develop and maintain an anti-money laundering (AML) program that is reasonably designed to prevent the system from being used to launder money or to finance terrorist activity.

This 3-part bank training BSA/AML webinar will cover the gamut of compliance, beginning with the four pillars of an AML Program, to how criminals and terrorists exploit systemic vulnerabilities of financial institutions in order to facilitate their illicit activity.

Buy 1, 2 or all 3 webinars (and Save $$)

BSA AML 101

AML Program Essentials

Monday, September 10, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The first BSA Webinar will cover the essential components for establishing and maintaining a reasonably designed AML Program. Attendees will also learn the importance of financial intelligence and how financial institutions can use financial information as a disruption mechanism to criminal exploitation.

 

BSA AML 201

BSA/AML Compliance as Risk Deterrent

Tuesday, September 11, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
This BSA Webinar will focus on the importance of corporate culture and the tone at the top. Attendees will understand the risk factors and steps to mitigate risk, as well as:

  • BSA/AML Considerations for Executives and Directors
  • Compliance as a Risk Deterrent
  • Key Risk Areas and Corresponding Actions
  • Risk Recognition and Assessment
  • Components and Importance of the Customer Identificaiton Program

BSA AML 301

Fraud, Money Laundering and More

Wednesday, September 12, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT
The final Bank Secrecy and Money Laundering webinar will discuss fraud, money laundering, corruption and terrorist financing from a practical perspective. It will focus on understanding the crime problems and how to deal with them.

  • Elements of Fraud and Money Laundering
  • Thinking like a fraudster
  • Understanding the Fraud Crime Problem
  • Investigating Fraud
  • The route from Corruption to Terrorism

Pricing

$549 all 3 sessions with Playback with no expiration
$249 for individual sessions and playback
Register for Part 1 ONLY
Register for Part 2 ONLY
Register for Part 3 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel
Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

Updating your Bank’s BSA/AML/OFAC Risk Assessment

Register Now

The risk assessment process should be considered a living process. According to the FFIEC Examination Manual: “An effective BSA/AML compliance program controls risks associated with the bank’s products, services, customers, entities, and geographic location; therefore, an effective risk assessment should be an ongoing process, not a one-time exercise. Management should update its risk assessment to identify changes in the bank’s risk profile, as necessary (e.g., when new products and services are included, existing products and services change, higher-risk customers’ open and close accounts, or the bank expands through mergers and acquisitions). Even in the absence of such changes, it is a sound practice for banks to periodically reassess their BSA/AML risks at least every 12 to 18 months.”

An effective BSA/AML/OFAC risk assessment is one that assists a financial institution in identifying inherent risks, the control environment and residual risk in order to identify the institution’s risk profile. As stated in the FFIEC Examination: “Understanding the risk profile enables the bank to apply appropriate risk management processes to the AML/compliance program to mitigate risk. There are many different types of risk assessments that are suitable. Financial institution management should identify the method or format best suited to identify their specific risk profile.

This insightful BSA Webinar will discuss the following points:

  • The risk assessment process
  • Risk factors to consider addressing
  • Developing the financial institution’s BSA/AML program based upon its risk assessment
  • Updating the risk assessment
  • What the FFIEC Examination Manual recommends bank examiners consider in reviewing risk assessments

 

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Thursday, August 16, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel

Founder, DML Associates

About the Speaker

Dennis M. Lormel is a recognized subject matter expert in the anti-money laundering, terrorist financing, and fraud communities. Mr. Lormel is an accomplished speaker and is routinely engaged to provide training at industry conferences. In addition, he frequently participates in media interviews that reach both the U.S. and international markets. This exposure and his vast experience in the law enforcement and consulting fields have afforded him the opportunity to develop a unique and diverse network of colleagues and clients.

After the tragedy of 9/11, Mr. Lormel realized that the terrorists needed a financial infrastructure to accomplish the attacks. He immediately established an investigative organization within the FBI that, within days, identified the funding stream that supported these attacks. This is but one example of his expertise in assessing and establishing viable and effective recommendations that produce results.

Register Now Pay by Check

Updating Your Bank’s BSA/AML/OFAC Risk Assessment

Register Now

The risk assessment process should be considered a living process. According to the FFIEC Examination Manual: “An effective BSA/AML compliance program controls risks associated with the bank’s products, services, customers, entities, and geographic location; therefore, an effective risk assessment should be an ongoing process, not a one-time exercise. Management should update its risk assessment to identify changes in the bank’s risk profile, as necessary (e.g., when new products and services are included, existing products and services change, higher-risk customers’ open and close accounts, or the bank expands through mergers and acquisitions). Even in the absence of such changes, it is a sound practice for banks to periodically reassess their BSA/AML risks at least every 12 to 18 months.”

An effective BSA/AML/OFAC risk assessment is one that assists a financial institution in identifying inherent risks, the control environment and residual risk in order to identify the institution’s risk profile. As stated in the FFIEC Examination: “Understanding the risk profile enables the bank to apply appropriate risk management processes to the AML/compliance program to mitigate risk. There are many different types of risk assessments that are suitable. Financial institution management should identify the method or format best suited to identify their specific risk profile.

This insightful BSA Webinar will discuss the following points:

  • The risk assessment process
  • Risk factors to consider addressing
  • Developing the financial institution’s BSA/AML program based upon its risk assessment
  • Updating the risk assessment
  • What the FFIEC Examination Manual recommends bank examiners consider in reviewing risk assessments

Pricing

$249 for Live and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Tuesday, February 27, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel

Founder, DML Associates

Register Now Pay by Check