Using Your Risk Assessment to Optimize Monitoring

A risk assessment is a key component of your overall BSA/AML/CFT program. It should not be a guess or a shot in the dark rather it’s a process you go through in order to reach a conclusion about the risks you are facing. For example, you should be asking and prepared to answer the following questions:

  1. What and where are the risks within our institution?
  2. What’s been done to mitigate these risks?
  3. Where do we stand after identifying and mitigating the risks?

Knowing what your risks are and where they come from can also help you to focus your efforts when it comes to suspicious activity monitoring.

BSA Training!

Published 2026/05/26
Amy Kudlacek

Amy Kudlacek

Amy brings many years of banking and compliance experience to Banker’s Compliance Consulting. She has worked for both large and small financial institutions and spent time working in every area of a bank. She started out as a teller in college and eventually became a branch manager. Her love, however, was always compliance. Amy began her career with Banker’s Compliance Consulting in 2000. Her knowledge and experiences have allowed her to develop a well-rounded and practical approach to regulatory compliance. Amy is CRCM certified, has a Bachelors Degree in Business Administration and is a graduate of the ABA Compliance School. Amy & her husband have two children at home and stay busy following their activities. They spend a lot of time in the bleachers!

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