Description
* Please note that the recording access will be delivered to you via a downloadable document in your confirmation e-mail. The materials that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
A strong BSA/AML program is the backbone of an institution’s defense against financial crime. This 90-minute session provides a focused, practical overview of how to build, strengthen, and sustain an effective compliance program using the core regulatory pillars.
Participants will gain a clear understanding of how each pillar functions individually—and how they work together to create a resilient, audit-ready AML framework.
By the end of this on-demand session, participants will be able to:
- Understand the structure and purpose of a BSA/AML compliance program
- Identify and explain the Five Pillars of AML compliance
- Recognize common gaps and weaknesses in AML programs
- Apply best practices to strengthen internal controls and oversight
- Support a culture of compliance within their organization
The Five Pillars of a Strong BSA/AML Program
- Internal Controls
- Risk-based approach to AML compliance
- Policies, procedures, and processes that mitigate AML risk
- Risk assessments and control design
- Aligning controls with regulatory expectations
- Documentation and regulatory readiness
- Independent Testing (Audit)
- Purpose and scope of independent reviews
- Frequency and reporting expectations
- Addressing findings and remediation
- BSA/AML Compliance Officer
- Governance and board oversight
- Roles and responsibilities
- Authority, independence, and reporting lines
- Leadership in program effectiveness
- Training Program
- Ongoing employee training requirements
- Role-based training strategies
- Measuring training effectiveness
- Customer Due Diligence (CDD)
- Customer identification and verification
- Beneficial ownership requirements
- Ongoing monitoring and risk profiling
You will leave with:
- A clear framework for a strong AML program
- Actionable insights to enhance each compliance pillar
- Increased confidence in identifying and addressing program weaknesses
- Tools to support audit and regulatory examinations
