The board of directors is responsible for approving the BSA/AML compliance program and for overseeing the structure and management of the bank’s BSA/AML compliance function. The board is responsible for setting an appropriate culture of BSA/AML compliance, establishing clear policies regarding the management of key BSA/AML risks, and ensuring that these policies are adhered to in practice”. The FFIEC Guidance requires that board of directors receive training on BSA and the status of the BSA program of the financial institution. Based on limited time you may have to train your board of directors on BSA, what are the most areas to cover? How do you effectively train a board of directors based on their limited knowledge of the details of BSA or your program? This webinar will provide a train-the-trainer model for all necessary topics to cover, what they should know about your program as part of this training and other topics as needed to comply with regulatory expectations.
- Train-the-trainer BSA topics to cover for your board of directors
- BSA terminology and requirements
- How to communicate the status of your program
Who Should Attend?
- BSA Officers and support teams
- Compliance Officers
- Internal Auditors
- Senior Management
- Board of Directors