Common Mistakes In Your BSA Program That Lead to Regulatory Scrutiny

On Demand Course

Instructor: Scott Rosenbaum

Duration: 1 HR

What You'll Learn

Join us for an insightful webinar where we will delve into the frequent pitfalls financial institutions encounter in their Bank Secrecy Act (BSA) compliance efforts. Our expert will highlight critical errors such as inadequate risk assessments, insufficient staff training, and ineffective transaction monitoring systems, which can attract regulatory attention and lead to severe penalties. Attendees will gain practical strategies to identify and rectify these common issues, ensuring robust compliance and minimizing the risk of enforcement actions. to enhance your BSA program and safeguard your financial institution from regulatory scrutiny.

Topics covered in this session

Common reasons for BSA regulatory scrutiny
Key risk management controls for complying with regulatory requirements
Top pillar violations of BSA Programs
Effective Oversight and Governance of Your BSA Program

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

About the Author:

Scott Rosenbaum

Scott Rosenbaum has over 10 years of experience as a consultant, investigator, and accountant. He previously worked in KPMG's Forensic practice and for a private think-tank providing forensic accounting, litigation, and investigation consulting services to clients in a variety of matters. Mr. Rosenbaum specializes in investigations and assisting community and regional banks to develop and improve their BSA/AML compliance programs. He also performs work related to fraud risk management, regulatory compliance and monitoring, and dispute advisory/ litigation assistance. Additionally, Mr. Rosenbaum routinely conducts trainings for bankers, lawyers, business leaders, and law enforcement including training intelligence analysts from the Office of Foreign Assets Control at FLETC (the Federal Law Enforcement Training Center). He has collaborated on Congressional testimonies, a book, and assisted print and television journalists in researching their articles and segments. Mr. Rosenbaum is a Certified Public Accountant (CPA), a Certified AML and Fraud Professional (CAFP), an Accredited Payments Risk Professional (APRP), a Certified Forensic Examiner (CFE), and a Certified At-Risk Adult Crime Tactics Specialist (CACTS).

On-Demand Course