Learning Objectives:

Key goals of this BSA risk assessment course are:

• To review and evaluate policies and procedures for risk assessments
• To help identify your organization’s risks
• To determine your organization’s risk threshold based on the organization’s strategic plans and business models
• To discuss how to conduct a comprehensive review of your organization’s BSA/AML/OFAC risk assessment, including
  • Determining completeness of the risk assessments
  • Determining the thoroughness of risk assessments
  • Determining if current risk assessment matrixes are appropriate for your organization
• To discuss how to establish risk assessments for your organization, specifically:
  • BSA risk assessments
  • AML risk assessments
  • OFAC risk assessments
• To illustrate how to perform the risk assessments
• To highlight the need for periodically reviewing risk assessments to determine if they are still relevant, appropriate, and adequate
• To discuss implementing a BSA/AML/OFAC risk assessment program at your organization