Events Calendar

Webinar: BSA High-Risk Members: Identifying, Enhanced Due Diligence & Monitoring
Tuesday, January 07, 2020, 03:00pm - 04:30pm

With BSA, the higher the risk, the more due diligence and monitoring that are necessary. Have you identified your high-risk members and products? Are you conducting enhanced due diligence as required?


  • Create a proper member risk profile and properly assign risk ratings
  • Distinguish which members should be deemed higher risk
  • Determine the appropriate due diligence required at account opening and later throughout the relationship
  • Explain when a high-risk member or product can be reduced to a moderate or low risk
  • Conduct a BSA/AML quantity of risk assessment for your institution


BSA/AML compliance programs are always a hot button with examiners and are even more important now. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with particular members or products. This webinar will explain how to identify and assess the risk – low, medium, or high – associated with members and products. You’ll learn the additional steps to conduct the “enhanced” due diligence required for higher-risk members and the member and product due diligence necessary for ongoing monitoring.


This informative session will benefit all account opening personnel, compliance staff, BSA and security officers, operations department staff, auditors, and managers.


  • FFIEC BSA/AML manual’s Quantity of Risk Matrix
  • Employee training log
  • Interactive quiz

SPEAKER:  Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions. She is a member of the Missouri State Banking Board by appointment of the Governor.