BSA/OFAC Workshop
Topics & Objectives

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Please note that the Topics/Objectives listed below are subject to change.

Proper Risk Assessment and Documentation

Board Minutes – What to Add and What to Leave Out

Proper and Required Policies Including:

  • The Bank Secrecy Act including Currency Transaction Reporting (CTR) and monitoring high and medium risk accounts
  • The USA Patriot Act and member/customer identification
  • Suspicious Activity Reporting (SAR)
  • Anti-Money Laundering Policy
  • Full 314(a) policies
  • Office of Foreign Asset Control Act
  • Customer due diligence policies

Proper and Required Procedures Including:

  • Independent testing
  • Training for all applicable persons
  • Customer identification procedures
  • Designation of BSA officer and delegation issues
  • Internal controls and day-to-day monitoring
  • Sign posting

Documentation Standards on CTRs, SARs, and Signature Cards



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