Learn how examiners’ perceptions of BSA/AML risk assessments have evolved in recent years, and how to apply best practices in assessing financial crimes risk compliance (FCC) risk holistically. In 2020, the Federal Financial Institutions Examination Council (FFIEC) updated the sections of its Examination Manual related to risk assessment, and made changes to the exam manual.
Join Gail Fuller, Rich May of HSBC, and John Dunning of U.S. Bancorp as they provide insight into what this means for you, including:
- How examiners evaluate risk assessments, and understand the importance of a strong BSA/AML risk assessment.
- Develop a process to ensure the institution has an understanding of FCC risks, including sanctions, anti-bribery and anticorruption, and fraud-related risks.
- How to translate the findings of an institutional-level risk assessment into an effective risk-based approach.
- New approaches including leveraging technology, and ensuring that you maintain a current and up-to-date understanding of the FCC risks your organization faces.