DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "BSA/AML/OFAC Risk Assessments - Are You Doing Them Correctly: One and Half Day In-Person Seminar" conference to their offering.
Although financial institutions have been managing BSA operations as per the regulatory requirements, the change in focus to appropriate BSA/AML/OFAC risk assessment has become increasingly important. Regulators look to the organization for insurance and evidence that BSA operations are appropriately performing risk assessments. Appropriate risk assessments are essential in an organization's strategic planning and development, as well as ensuring compliance with laws and regulations.
This Bank Secrecy Act risk assessment seminar will highlight BSA best practices that are being acknowledged and recognized by regulators and examiners and will discuss each risk assessment area. Attendees will learn how to conduct a comprehensive review of their current organization's BSA/AML/OFAC risk assessment.
Key goals of this BSA risk assessment course are:
- Know how to review and evaluate policies and procedures for risk assessments
- To provide instruction on how to determine your organization's risks
- How to determine your organization's risk threshold based on the organization's strategic plans and business models
To discuss how to conduct a comprehensive review of your current organization's BSA/AML/OFAC risk assessment, including
- Determining completeness of the risk assessments
- Determining the thoroughness of risk assessments
- Determining if current risk assessment matrixes are appropriate for your organization
To discuss how to establish risk assessments for your organization, specifically:
- BSA risk assessments
- AML risk assessments
- OFAC risk assessments
Day One (8:30 AM - 4:30 PM)
Registration Process: 8:30 AM - 9:00 AM
Session Start Time: 9:00 AM
Welcome and Introductions (30 Minutes)
Understanding the Basics (1 Hour)
Establishing the Importance of Proper Risk Assessing (1 Hour)
Establishing Risk Matrixes (5 Hours)
Day Two (8:30 AM - 1:30 PM)
Compliance Consideration (2 Hours)
Continuous Monitoring (2 Hours)
The Risk Assessment Toolkit (45 Minutes)
For more information about this conference visit http://www.researchandmarkets.com/research/cbqr4g/bsaamlofac_risk.