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BSA Officer Part 2: BSA Reporting to the Board

Mar 09 2:00 PM - Mar 09, 2023 3:30 PM
Mar 09, 2023 2:00 PM - 3:30 PM
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BSA officers have many tasks, especially regarding compliance. Although the board of directors has ultimate authority, they rely upon the BSA officer and management to keep them informed and raise any red flags. BSA officers have the hefty responsibility of reporting to the board–accurately and honestly. Are your reports up to snuff?

Learning Objectives

  • Understand directors’ BSA responsibilities
  • Develop a comprehensive, ongoing BSA training program for the board
  • Explain your institution’s existing BSA/AML risks and the impact of pending BSA regulation changes
  • Use provided templates and information to create detailed board reports
  • Distinguish the key details examiners will be looking for in your board reporting

Ultimate responsibility for your BSA program rests with the board. Since directors aren’t there to oversee the day-to-day operations, they must rely on the information provided by the BSA officer and management to make the strategic, risk-based decisions needed to maintain compliance and avoid costly incidents of fraud. What’s more, recent BSA enforcement actions have cited lack of board and management oversight as a significant violation.

BSA officer communication with the board starts with effective initial and ongoing training and continues with periodic reporting to keep directors informed on your BSA program and the ever-changing regulatory environment. This session will address appropriate training content, as well as the frequency and type of reporting most needed by the board. It will highlight the details that directors need most to support their decision-making and enhance their understanding of your institution’s BSA/AML risks. Learn current BSA hot buttons your board needs to understand to ensure your institution has implemented appropriate controls and dedicated resources to the areas of highest risk.



Dawn Kincaid, Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.




Live and recorded webinar, handouts, quiz with answer key and training log are included.

Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type


Topics Covered

  • Compliance
  • Live Webinars
  • Board Governance