Every BSA/AML Program should include seven fundamental components. These include:
- Risk Assessment
- System of Internal Controls
- Independent Testing
- BSA Officer
- Training
- Customer Identification Program (CIP)
- Customer Due Diligence (CDD) Program
Does your BSA/AML program measure up? Join us to find out!
Kevin explains more in the video.
Video Highlights:
- The board of directors is responsible for making sure the program is in place and functioning properly.
- The program needs to evolve and develop over time.
Published
2022/11/17