Introductory BSA/AML Examiner School, Providence, RI

Risk Assessment

Risk Assessment – BSA Program Interaction

Management’s understanding of risk determines the construction of the five pillars.

1. type and extent of internal controls , 2. scope of independent testing , 3. skills and expertise of the BSA Officer , 4. focus and approach of training . 5. beneficial ownership (May 11, 2018)

BSA/AML Compliance Program Risk Assessment

Risk Assessment

Internal Controls

Identify & Measure Risk: • Products • Services • Customers • Geographic locations

Develop Applicable: • Policies • Procedures

• Systems • Controls

Result:

Risk-Based BSA Compliance Program

• Internal controls • Audit • BSA compliance officer • Training