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Wisconsin Credit Union Foundation

Job-Specific BSA Training for the Board

The ultimate responsibility for BSA compliance lies with the board of directors. They must understand the importance of BSA/AML regulatory requirements, ramifications of noncompliance, and the risks posed to your institution.

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Type of Event
On Demand Webinar

Who Should Attend
  • On-Demand Webinars
  • Live Webinars
  • Board Member

Purchase

Description

The ultimate responsibility for BSA compliance lies with the board of directors. They must understand the importance of BSA/AML regulatory requirements, ramifications of noncompliance, and the risks posed to your institution. Without a general understanding, the board cannot adequately provide BSA/AML oversight; approve related policies, procedures, and processes; or provide sufficient BSA/AML resources. Regulators are sending a definite signal regarding the importance of BSA compliance via recent penalties and enforcement actions against financial institutions without strong BSA programs. This is a must-attend session for your board and executive management team!

Learning Objectives

  • Overview of the five pillars of BSA
  • Director responsibilities for establishing and reviewing your BSA compliance program
  • Assessing and managing BSA/AML risks, including the impact of new products and services
  • Considerations for banking marijuana-related businesses
  • Consequences of noncompliance
  • 2019 BSA/AML hot topics

Speaker

Dawn Kincaid, Brode Consulting Services, Inc.

Investment

$259.00