On-site BSA/AML/OFAC Examination

Duration: 60 Minutes
This webinar will explain the process and prominence of on-site BSA/AML/OFAC examination. The instructor will discuss significant strategies and aspects to remember when dealing with the examiners throughout the entire process that can lead to an improved examination experience for attendees.
Compliance Examination
Instructor: John Reynolds
Product ID: 501902
Objectives of the Presentation
  • Advance notice
  • Entry Letter Questionnaire - or - the First Day Letter
  • Gathering and Delivery of Entry Letter Responses
  • Scoping of the examination
  • Examination activities, transaction testing, policies, procedures
  • Prior Examination issues: Remediation, tracking, and validation
  • Examination findings
  • Preliminary close-out meetings
  • Formal close-out meeting - with management with board of directors
  • Delivery of the examination report
  • Responding to the examination report
  • Establishing tracking for remediation of examination issues
Why Should you Attend
The most effective way to manage BSA/AML/KYC/OFAC compliance risk is to have a robust compliance program in place at your institution. The needs will vary based on the size of institution, demographics, etc. However, that all BSA/AML/KYC/OFAC compliance programs will have to be reviewed by the examiners at regular intervals- from the federal regulatory bodies and/or state banking or finance department, or the home country regulators.

The regulatory agencies in the USA typically conduct safety and soundness examinations of banking institutions on an annual basis, though for smaller institutions that are in satisfactory or strong condition the examination cycle can be less frequent. The safety and soundness examination typically includes an examination of the BSA/AML/OFAC compliance program.

This webinar will discuss the different aspects of on-site BSA/AML/OFAC examination.

Who will Benefit
  • BSA/AML Officers
  • Compliance Officers
  • Chief Compliance Officers
  • Sanctions Officers
  • Regulatory Liaisons
  • AML Analysts
  • Risk Officers
  • Chief Risk Officers
  • Legal Departments
  • Risk Managers
  • CEO/Presidents
  • Banks
  • Broker-Dealers
  • Money Services Businesses
  • Other non-bank financial institutions
$300
Recorded Session for one participant
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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:
John Reynolds is a former Bank regulator, having retired from the NY Fed as an examining officer in the financial institution supervision group. Mr. Reynolds started out his career as an assistant bank examiner in 1979 working up through the ranks and has been involved in all facets of bank examination work at international, large complex institutions, regional, and community institutions. From 2009 until his retirement in 2015, he played a leadership role in the NY Fed's Compliance examination work, where he guided teams of examiners reviewing institutions' compliance with AML-BSA and OFAC regulations and laws.

Mr. Reynolds holds a BS in accounting from Fordham University and an MBA in International Finance from New York University.
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