Examiners and Your Institution’s BSA/AML System

Financial Institutions

September 01, 2015
by Helen Touchton, CRCM, CAMS

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Helen Touchton Helen Touchton, CRCM, CAMS
Senior Manager, Compliance

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Now that your institution has purchased a fancy Bank Secrecy Act/Anti-Money Laundering (BSA/AML) software system (system), what exactly are the examiners looking for and what might they criticize?

Examination criticisms regarding BSA/AML system validation often center on how the various levels of bank staff understand this tool and its associated risks, challenges, and rewards.  When investing in this type of system, you want to know that you are receiving appropriate risk coverage and protection.


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Length: 2 pages (PDF 54 kB)



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