BEGIN:VCALENDAR X-WR-TIMEZONE:US/Eastern DTSTART:20200312T130000 DTEND:20200312T140000 VERSION:2.0 LOCATION:OnlinePRODID:-//Training Doyens //EN METHOD:REQUEST BEGIN:VEVENT UID:20200312T000000-2104736070-example.com DTSTAMP:20200312T000000 DTSTART;TZID="US/Eastern":20200312T130000 DTEND;TZID="US/Eastern":20200312T140000 SUMMARY:Preparing for a BSA/OFAC Regulatory Examination DESCRIPTION: The BSA examination process is intended to assess the effectiveness of a financial institution’s BSA compliance program and the institution’s compliance with the regulatory requirements related to the Bank Secrecy Act (BSA). A regulatory examination should cover a review of the risk management process, an analysis of the institution’s independent testing system, a detailed and thorough of the BSA compliance program, transaction testing where appropriate, a specific review of the suspicious activity identification, monitoring, and reporting systems, and a review of IT systems used in the BSA process.  This webinar will discuss ways of preparing for a BSA/OFAC regulatory examination by reviewing your previous examination or audit reports, available work-papers related to the examinations, and management’s responses to identified BSA issues. You will also want to review any correspondence between your institution and its regulators, law enforcement agencies related to BSA regulatory requirements, FinCEN, and the IRS.  You should also review prior to the examination, all of your IT systems and processes, BSA best practices, all of the reports you are required to provide to regulators, your processes for complying with Office of Foreign Assets Controls (OFAC), and especially ensure that your Suspicious Activity Reporting processes and Currency Transaction Reporting processes fully comply with all laws and requirements. PRIORITY:3END:VEVENT END:VCALENDAR