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Monitoring High Risk Transactions

Tuesday, 07 August 2018  10:00 AM PDT, 01:00 PM EDT

Training Duration = 60 min                  Sponsored by Online Compliance Panel

Click Here to register $200.00

Click Here to register and receive CD recording $400.00

This BSA/AML (Bank Secrecy Act/ Anti Money Laundering) compliance training will help attendees understand, identify and mitigate the risks associated with high risk transactions.

Learning Objectives:

  • Resources
  • Accessing the data: What are the obstacles? Core system, teller system, BSA monitoring program, etc
  • How did the activity occur? In person, telephone, internet, wire, ATM, or ACH
  • Sample risk assessment for products and services
  • Systems of internal controls
  • Managing non resident aliens
  • Documenting and monitoring a cash in and cash out report

Why Should You Attend:

An effective BSA/AML compliance program controls risks associated with the institution's products, services, customers, entities, and geographic locations; therefore, an effective risk assessment should be an ongoing process, not a one-time exercise. Monitoring your risks includes monitoring your transactions, especially your high risk transactions.

Per the FFIEC Manual: The development of the BSA/AML risk assessment generally involves two steps: first, identify the specific risk categories (i.e., products, services, customers, entities, transactions, and geographic locations) unique to the institution and second, conduct a more detailed analysis of the data identified to better assess the risk within these categories.

Several examples of a system of internal controls will help you document your monitoring program.


Doug Keipper, is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and former BSA officer and compliance officer for an $800M commercial bank in Atlanta before it sold twice in one year.

He teaches anti-money laundering throughout the southeast and online. He has spent over 20 years in retail banking, wholesale mortgages and financial services.