When autocomplete results are available use up and down arrows to review and enter to select.
As regulatory scrutiny increases, staying up to date on the Bank Secrecy Act's latest trends and critical issues is essential for compliance. This overview highlights valuable insights from recent enforcement actions, demonstrating how these can inform compliance strategies.
The discussion includes the vital components of a robust BSA/AML risk assessment and emphasizes the importance of safeguarding financial institutions. Additionally, the nuances of elder abuse are explored, differentiating between theft and scams while outlining effective protective measures. Finally, the examination of how banks leverage artificial intelligence to enhance BSA compliance aims to strengthen approaches to these pressing challenges.
Recorded on Nov. 20, 2024.