Preparing for a BSA/OFAC Regulatory Examination

This webinar will address steps a company can take in advance to optimize the progress of a BSA/OFAC regulatory examination. It will provide guidelines for positively and accurately representing your AML and OFAC programs to regulators for the most efficacious outcome.
Why Should You Attend:

A BSA/OFAC regulatory examination can throw an unprepared financial institution into chaos and expose it to potentially expensive missteps.

This webinar will address what happens when the regulator arrives, how to handle questions, and how to document the examination. Materials include tools to organize for and track steps in the examination. It will guide you in putting a plan in place for the BSA/OFAC examination so that your organization will not be caught flat-footed.

This webinar combines experiences from examinations along with a tested approach to prepare your team – the AML/OFAC departments, documentation, agents, and business staff tasked with AML/OFAC responsibilities – to positively and accurately represent your AML and OFAC programs to regulators for the most efficacious outcome. At the end of the session, the instructor will invite your questions concerning BSA/OFAC examinations.
Areas Covered in the Webinar:

The "rule book" of various regulators
Putting your plan in place before receiving the regulator’s call
Organizing your team: BSA/OFAC compliance staff, business staff with AML responsibilities, senior executives, agents
Consolidating information on your organization’s BSA and sanctions risks
Organizing all relevant information relating to the BSA/AML and OFAC programs
Preparing your team, including communications protocols
Undergoing the examination
Following up
Who Will Benefit:

BSA/AML Compliance Officer
Chief Compliance Officers
Internal Auditors
Operational Risk Managers