Sign for Notice Everyday    Sign Up| Sign In| Link|

Our Sponsors

  • ESTA - Electronic System for Travel Authorization
Receive Latest News

Share Us

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

View: 100

Website | Edit Freely

Category Classification under the Harmonized Tariff Schedule B, Customs Trade Classification, Harmonized Tariff Schedule, Schedule B Code, Electronic Export Information, global supply chain, Harmonized Tariff Schedule, general structure of the HTSUS, Global Harmonized System, General Rules of InterpretationCompliance Risk Assessment, Bank Secrecy Act, Money Laundering, basic elements of a risk assessment, risk management processes, the AML compliance program, Basis for the Risk Assessment, Understanding Customer Risk, BSA AML compliance program

Deadline: March 27, 2018 | Date: March 27, 2018

Venue/Country: Fremont, California, U.S.A

Updated: 2018-03-08 21:04:31 (GMT+9)

Call For Papers - CFP


In this webinar, you will learn the basic elements of a risk assessment, understanding your institution and the associated risks, determining the trends in your institution, and how to prepare the report.

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.

Objectives of the Presentation

Basis for the Risk Assessment

Understanding Customer Risk

Understanding Products & Services Risk

Understanding Geographical Risk

Secondary Risks

Institution's Trending

Preparing the report

Why Should you Attend

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."

Areas Covered

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

Rating methodologies

Qualitative v. Quantitative

Who will Benefit

Chief Compliance Officers

BSA Officers

Risk Officers


For Registration

Note: Use Promo Code YDEZ6H and get 10% off on registration (Valid till MARCH 31st 2018)

Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
Disclaimer: ourGlocal is an open academical resource system, which anyone can edit or update. Usually, journal information updated by us, journal managers or others. So the information is old or wrong now. Specially, impact factor is changing every year. Even it was correct when updated, it may have been changed now. So please go to Thomson Reuters to confirm latest value about Journal impact factor.