BSA/AML High-Risk Identification and Management

Identify and address the BSA/AML high-risk areas for your institution

Author: Jeffrey Torp and Lorraine Hyde
Format: 3-Ring Binder with CD
Price: $545

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The regulators expect financial institutions to identify areas that are at high risk of being used by customers for terrorist activities, money laundering, or other illegal activities, and adopt strategies to mitigate those risks.

Sheshunoff’s BSA/AML High-Risk Identification and Management manual will provide you with the tools to help identify and address the areas that are most likely to be high risk for your institution. This manual will help you anticipate what the examiners will be concentrating on so that your institution can be prepared. We provide the tools you need to make sure your Bank Secrecy Act/anti-money laundering compliance program meets or exceeds regulatory expectations.

The BSA/AML High-Risk Identification and Management manual provides:

An overview of the Bank Secrecy Act requirements
A sample risk assessment matrix that you can customize and use for your institution
A detailed discussion of each of the high risk areas that have been identified by the financial institution regulatory agencies, grouped under the following headings:

High-Risk Products and Services
High-Risk Customers
High-Risk Geographies

Step-by-step guidance on identifying and controlling risks, strategies to mitigate risks, risk assessment overviews, and risk grids
And much more!

About the Authors

Jeffrey Torp is a consultant in the area of regulatory risk for financial institutions. He specializes in the financial institution industry and has more than 25 years of experience serving financial institution clients in matters relating to bank regulation. Mr. Torp is an attorney and has previously served as a consultant with KPMG and with McGladrey & Pullen, LLP, and as legal counsel to the Independent Bankers of Minnesota. He received his law degree from William Mitchell College of Law in St. Paul, Minnesota, and his Bachelor of Arts Degree from Augsburg College in Minneapolis, Minnesota. Mr. Torp has worked with financial institutions throughout the country on regulatory issues and given numerous presentations on regulatory topics to groups of bankers, bank examiners, trade associations, and attorneys. He has also served as an instructor for the Independent Bankers Association of America’s compliance school and certification program, and authored several publications.

Lorraine Hyde is a certified bank compliance officer and is certified as a fraud examiner by the Association of Certified Fraud Examiners. Ms. Hyde was employed for six years as a department head of investigation for the Division of Liquidation of the Federal Deposit Insurance Corporation. Ms. Hyde was also employed as the compliance officer, consumer loan training coordinator, and manager of consumer lending for a major Twin City thrift. Ms. Hyde’s expertise is in consumer, home equity, and small business lending, loan review and analysis, and bank fraud investigations for the Federal Deposit Insurance Corporation (FDIC) and Resolution Trust Corporation (RTC). She currently resides in Phoenix, Arizona.