BSA and Privately Owned ATMs' Risk

Duration: 60 Minutes
This course will provide information to help individuals determine if the risk associated with Privately Owned ATMs is properly evaluated and considered.
Privately Owned ATMs' Risk
Product ID: 508480
Financial institutions are required to be compliant with BSA rules and regulations. Having a comprehensive and compliant BSA/AML program helps a financial institution to properly identify customers, who have privately owned ATMs and assess risk accordingly for them. Proper oversight and enhanced due diligence is needed to ensure ATM customers are not using the financial institutions as a conduit for financial crime. Failure to do so can result in not only monetary implications but regulatory and reputational as well.

Objectives of the Presentation
  • Identifying customers who privately owns ATMs
  • Properly determining the risk associated
  • Understanding the documentation for ATM customers
  • Enhance due diligence for ATM customers
  • ATM AML red flags
  • Program oversight
Why Should you Attend
Financial institutions are required to be compliant with BSA rules and regulations. Such compliance needs to be well documented and consistent to ensure financial institutions are adequately identifying POATM customers and mitigating those risks. Financial institutions' BSA POATM program must be included in the bank's policies and procedures, comprehensive risk assessments, and monitoring programs.

This session highlights understanding and mitigating the risks of POATMs that are being acknowledged and recognized by regulators and examiners. In this webinar, we will discuss the areas that regulators and examiners are primarily focusing on in regards to POATMs. The areas of focus outlined in this webinar are based on best industry practices and supervisory experience.

Areas Covered
  • Understanding ATM customers
  • Implementing BSA compliance practices on privately owned ATMs
  • Assessing policies and procedures regarding POATMs
  • Determining effectiveness and thoroughness of training programs
  • Ensuring qualified employee oversight of daily BSA operations regarding POATMs
  • Independent testing
Who will Benefit
  • BSA Officers
  • Internal Auditors
  • BSA and AML department staff
  • Deposit Operations
$200
Recorded Session for one participant
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  $250.00 Training CD
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  $300.00 Training USB Flash Drive
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For multiple location please contact our customer care team +1-510-857-5896.
How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.


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