What the Bank's Board Must Know about the Bank Secrecy Act

Online Compliance Panel
Training overview
1 hour
300 USD
Next start date: Start anytime! - Online
Ladies taking compliance training

Course description

Compliance issues and reputational success demands Board of Directors to understand the financial institution's obligations under the Bank Secrecy Act (BSA). Regulatory expectations are that senior management demonstrates cultural leadership in the organization's BSA/Anti-Money Laundering efforts. But what does this mean, and how do we implement this in a manner appreciated and understood by our employees, customers and the regulatory community? This one hour training program focuses on the Board of Directors' role and duties under the BSA/AML guidance, as was recently amended.

Financial institutions' functional regulators require that Senior Management and the Board understand and support their organization's BSA/AML compliance efforts. Training tailored to Boards and executives is necessary and is valuable for the institution's brand. Getting compliance wrong can damage a business' good standing and can cost Hundreds of Thousands of dollars in regulatory fines and remedial expenses.

Training Content

  • Overview of the key laws and regulations in this area
  • What the most recent amendments are and what they mean for your institution's compliance obligations
  • How to build, and prove you have built, a "culture of compliance," as so often mentioned by examiners
  • The right way to empower your compliance staff
  • War Stories of actual compliance enforcement actions and their real-world consequences


This webinar costs $300

About Online Compliance Panel

Online Compliance Panel

On-demand Webinars from Online Compliance Panel

The team at Online Compliance Panel works in tandem with the latest US FDA regulations/regulatory compliance in creating simple, interactive and cost effective training sessions suitable for individuals and corporations. The organization is a predominantly web based information exchange forum....

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