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!
- 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
- TAKE-AWAY TOOLKIT
- Sample BSA/AML board report
- Quick reference guide of key BSA/AML terms and requirements
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for all board members, senior management, BSA officers, compliance officers, and auditors.
SPEAKER: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 17 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, and coordinated internal and external audits and exams.