Bank Secrecy Act (BSA) Audit Best Practices April 9, 2013

This BSA audit training will explain how the best practices in a BSA audit have evolved over the years. It will cover the major components of an effective BSA program that the audit focuses on and the specifics of each area as it pertains to BSA audits.

Why Should You Attend:

Although financial institutions have been managing BSA operations per the regulation requirements, the change in focus to BSA audits has been coming increasingly important. Regulators look to the Bank for assurance and evidence that BSA operations are being appropriately audited to ensure that BSA efforts are appropriately implemented and overseen.

This session highlights BSA audit best practices that are being acknowledged and recognized by regulators and examiners. In this webinar, we will discuss the areas that regulators and examiners are primarily focusing on in regards to BSA audits. The areas of focus outlined in this webinar are based on best industry practices and supervisory experience.

Areas Covered in the Webinar:

- Implementing BSA audit best practices
- Assessing policies and procedures
- Comprehensive Risk Assessment
- Review of monitoring programs
- Determining effectiveness and thoroughness of training programs
- Ensuring qualified employee oversight of daily BSA operations
- Independent testing