2018 - Implementing Bank Secrecy Act (BSA), Audit & Best Practices

Outline, briefly, the constituent parts of the BSA requiring bank compliance
Define Money Laundering, common and legal identifiers and Red Flags
Stages of Money Laundering
Four Pillars of BSA
Identify Sources of Audit Evidence of IT Laundering
Explain how the BSA covers evidence gathering
Internet and Cloud Laundering
The steps involved in conducting an internal investigation
Customer Identification Program
OFAC Checking
Beneficial Ownership
The two-prong test
Customer Due Diligence
Customer Risk Rating
Filing Reports