Establishing Transaction Limits for BSA/AML Monitoring

Duration: 60 Minutes
This webinar will highlight BSA audit best practices that are being acknowledged and recognized by regulators and examiners with regard to an institution establishing appropriate transaction limits for their monitoring program.
BSA/AML Monitoring
Product ID: 506919
Objectives of the Presentation
  • Determining appropriate transaction limits
  • Assessing policies and procedures
  • Review of monitoring programs
  • Determining effectiveness and thoroughness of established transaction limits
  • Ensuring qualified employee oversight of appropriate transaction limits
  • Independent testing
Why Should you Attend
Although financial institutions have been managing BSA operations as per the regulation requirements, the change in focus to BSA audits has become increasingly important. Regulators look to the bank for insurance and evidence that BSA operations are being appropriately completed. Having appropriate transaction limits established for monitoring purposes will aid in ensuring the institution is BSA/AML compliant.

"Establishing Transaction Limits for BSA/AML Monitoring" will highlight the evolution of BSA audit best practices. The areas of focus outlined in this webinar are based on best industry practice, supervisory experience and cover the major components of an effective BSA program that audit focuses on. It will look at these areas and the specifics of each area as it pertains to BSA audits.

Who will Benefit
  • BSA / AML Officers
  • Internal Auditors
  • Staff with roles and responsibilities in BSA / AML management and oversight
  • Financial Officers
  • Corporate Audit
Topic Background
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 avoid BSA violations and implications. Financial institutions' BSA programs must have adequate policies and procedures, comprehensive risk assessments, monitoring programs, training programs, qualified employees overseeing the BSA daily operations and independent testing programs. An effective BSA audit program with appropriate established transaction limits will ensure the BSA rules and regulations and the needs of the financial institution. Having appropriate transaction limits will ensure that financial institutions are proactive in preventing BSA violations occurring and implementing corrective action for BSA issues or implications that may be identified in the BSA program.
$200
Recorded Session for one participant
Get life time access with download option!
Book this course
Pay Now
  $250.00 Training CD
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
  $300.00 Training USB Flash Drive
Free shipment within 4 Working Days of placing the order. Get life time access for unlimited participants.
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.


View More