Heightened Expectations and the Independent Testing Pillar: Managing Expectations While Providing Effective Assurance Over BSA Compliance in an Evolving Risk Governance Framework

Author: Kyle Rulau, CAMS-Audit

The intent of this paper is to understand the impact of the Office of the Comptroller of the Currency’s (OCC) “heightened expectations” on Bank Secrecy Act/anti-money laundering (BSA/AML) independent testing functions, and to identify steps to effectively manage regulatory expectations while providing effective assurance over BSA/AML compliance.

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