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The Five Pillars of BSA, Webinar

December 6, 2018 @ 1:30 pm - 3:30 pm CST

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And then there were five…

During this webinar we will review the pillars of BSA. The BSA/AML compliance program must be written, approved by the board of directors and noted in the board minutes. A financial institution must have a BSA/AML compliance program commensurate with its respective BSA/AML risk profile. Furthermore, the BSA/AML compliance program must be fully implemented and reasonable designed to meet the BSA requirements. Policy statements alone are not sufficient, practices must coincide with the financial institution’s written policies, procedures and processes. The BSA/AML compliance program must provide the following minimum requirements.