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BSA/AML Training for Bank Directors and Senior Executives

November 15, 2017 @ 12:00 pm - 1:00 pm EST


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It is incumbent that the board of directors and senior management of a financial institution truly understand their responsibilities regarding the institution’s BSA/AML compliance program. Not only is it imperative that the board and senior management demonstrate a culture of AML compliance by setting the proper compliance tone at the top of the organization; but it’s important that the board understand that they own the BSA/AML compliance program through senior management and thereby are responsible for its success. Better understanding of board responsibilities can be derived through board and senior management training.

According to the FFIEC Examination Manual, board of directors responsibilities include:

  • The BSA/AML compliance program must be written, approved by the board of directors, and noted in the board minutes.
  • The board of directors, acting through senior management, is ultimately responsible for ensuring that the bank maintains an effective BSA/AML internal controls structure, including suspicious activity monitoring and reporting.
  • The board of directors and management should create a culture of compliance to ensure staff adherence to the bank’s BSA/AML policies, procedures, and processes.
  • Internal controls should inform the board of directors or a committee thereof, and senior management, of compliance initiatives, identified compliance deficiencies, and corrective action taken, and notify directors and senior management of SARs filed.
  • The bank’s board of directors must designate a qualified individual to serve as the BSA compliance officer.
  • The board of directors and senior management should be informed of changes and new developments in the BSA, its implementing regulation and directives, and the federal banking agencies’ regulations.
  • While the board of directors may not require the same degree of training as banking operations personnel, they need to understand the importance of BSA/AML regulatory requirements, the ramifications of noncompliance, and the risks posed to the bank.
  • Without a general understanding of the BSA, the board of directors cannot adequately provide BSA/AML oversight; approve BSA/AML policies, procedures, and processes; or provide sufficient BSA/AML resources.

This insightful session will:

  • Delve into board of directors responsibilities, as set forth above
    • Place an emphasis on tone at the top
      • Compare the contrasting tones of two boards and discuss potential consequences
  • Discuss current BSA/AML issues and regulatory considerations the board should be aware of
  • Discuss BSA/AML compliance as a risk deterrent
  • Discuss keys to a successful BSA/AML compliance program


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

Dates of Event

Wednesday, November 15, 2017

  • 12:00 – 1:00 pm (Eastern Time)
  • 11:00 – 12:00 pm (Central Time)
  • 10:00 – 11:00 am (Mountain Time)
  • 9:00 – 10:00 am (Pacific Time)


  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Dennis Lormel

Founder, DML Associates

Register Now Manual Invoice


November 15, 2017
12:00 pm - 1:00 pm
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