Training Doyens

OVERVIEW This 60-minute webinar will summarize the importance of performing BSA/AML/OFAC risk assessments properly. It will discuss the various components needed in order to implement an effective risk assessment, as well as, what is needed to maintain an appropriate risk assessment on-going of BSA/AML/OFAC. It will provide insight to what regulators and examiners expect from financial institutions in their BSA/AML/OFAC risk assessments. WHY SHOULD YOU ATTEND Attend the webinar to learn the techniques of performing  BSA/AML/OFAC  risk assessments properly and know why it is so important for financial institutions. BSA/AML/OFAC Risk Assessments AREAS COVERED BSA/AML/OFAC risk assessment expectations Importance of working with all areas of financial institution for establishing appropriate risk ratings for BSA/AML/OFAC Areas to be covered by the risk assessment Risk rating guidelines and suggestions Monitoring of banking risk threshold and risk ratin...

OVERVIEW This AML Financial Compliance Program will discuss the history and origin of a model validation. It will also discuss the requirements by the OCC for a model validation, and what exactly a model validation should include. The session will also analyze the elements of a model validation to know what to look for in an RFP, and detail the requirements included in Final Rule 504. WHY SHOULD YOU ATTEND According to the Office of the Comptroller of the Currency (OCC), “banking organizations should conduct a periodic review-at least annually but more frequently if warranted-of each model to determine it is working as intended and if the existing activities are sufficient.” This has become known in the industry as a model validation, system validation, independent verification and validation (IVV), or just validation. The challenge we’ve seen is interpreting this – what is a model, which models, what a “review” should include, etc. As such we’ve seen a number of organizatio...