Risk assessment is a key component of a reasonably designed, risk-based BSA/AML compliance program. It evaluates an organization’s inherent threats against its internal controls. Listen as our panel outlines the regulatory requirements, based on guidance from the FFIEC manual.
Learning Objectives
Identifying, monitoring and controlling the common types of risks within and across affiliates, subsidiaries, lines of business or jurisdictions
Understanding how policies and procedures mesh with risk appetite statements and reduce residual risks
Reviewing key areas for board consideration and senior management action, including whether to use risk acceptance or avoidance policies