BSA/AML Risk Assessment: Building a Program to Evaluate Risk and Ensure Compliance

Learn how to build an effective AML risk assessment process that satisfies regulatory expectations

On-Demand Webcast Available Until September 12, 2018

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An effective BSA/AML risk assessment is a vital step to building and maintaining a risk-based BSA/AML program, and efficiently managing compliance resources. In today’s data-driven world, “check the box” risk assessments no longer suffice. Your credit union’s risk assessment should be specific to your institution – it must identify the specific risk factors and categories, including your credit union’s products, services, customers, entities and geographies. In addition, your risk assessment must evolve as your credit union and membership changes.

This webcast will provide you with a baseline understanding of how to perform an effective BSA/AML risk assessment that satisfies regulatory requirements and expectations. You'll also learn how to effectively monitor, control and mitigate the risks you face.

Key Takeaways

  • Learn the basics of the process of conducting a risk assessment
  • Discover the key considerations for preparing a risk assessment unique to your credit union
  • Understand the expected final product of risk assessments
  • Develop clear written conclusions and methodologies that are supported by data and documentation
  • Anticipate examiner expectations/questions, and plan how to respond to them
  • Address likely challenges and avoid regulatory criticism or enforcement action

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Already registered? Go to the Online Training Center to view live.

Who Should Attend?

  • BSA, Risk and Compliance staff
  • Attorneys
  • Open to all credit unions, regardless of membership or charter type!

Your Instructor

Daniel Stipano
Daniel Stipano
Partner, Buckley Sandler

Registration Fees

 On-Demand Version*
NAFCU Member
(Webcast Only)
$350
NAFCU Member
(Webcast + CD)
$400
NAFCU Nonmember
(Webcast Only)
$450
NAFCU Nonmember
(Webcast + CD)
$500

On-demand webcast expiration date: September 12, 2018.

*On-demand webcasts are available for up to 12 months after the live broadcast, and are included in your registration price.

Education Credits

Earn NAFCU Certified Compliance Officer credits NCCOwill receive 1.5 CEUs for participating in this webcast.

NCRM logo NCRMs can earn 1.5 CEUs for participating in this webcast.

 NCBSOs can earn 1.5 CEUs for participating in this webcast.

Earn CPE CreditsCPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Join this webcast to learn the basics of the process of conducting a risk assessment. You’ll discover the key considerations for preparing a risk assessment unique to your credit union, and better understand the expected final product of risk assessments, including clear written conclusions and methodologies that are supported by data and documentation. In addition, you’ll be more prepared for examiner expectations/questions.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Management Advisory Services

NASBA SponsorNational Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webcasts

Our webcasts are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

Refund Policy

To qualify for a refund, cancellations must be processed prior to the live webcast date. Cancellations can be processed after the live webcast date, but refunds will no longer be issued and transfers would only be considered. Please email NAFCU's Member Service Center with your request for cancellation to msc@nafcu.org.