Streamlining Your BSA High Risk Review Process

On Demand Course

Instructor: Terri Sands

Duration: 1 HR

What You'll Learn

A significant BSA regulatory requirement is ongoing review of higher risk clients. Periodic high-risk reviews help financial institutions ensure they have updated Customer Due Diligence and identified risks associated with a client that presents an elevated level of risk due to the nature of their business or other factors. This live webinar provides attendees with best practices on how they can streamline the periodic review process based on a well-documented risk-based approach from risk rating through the review process.

Topics covered in this session

FFIEC guidance for determining high-risk customers
Effectively risk rating your high-risk customers
Documenting the frequency of high-risk reviews
Important documentation to include in your high-risk reviews
Common audit findings in high-risk reviews

Who Should Attend

BSA Officers
Fraud Teams
Client Facing Teams
Deposit Operations/Electronic Banking
Compliance Officers
Internal Audit
Information Security/Technology
Senior/Executive Management

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

About the Author:

Terri Sands

Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.

On-Demand Course