Webcasts & Speaking Engagements

Benjamin W. Hutten discussed "BSA program reporting, management and board of directors responsibilities" at the Georgia Bankers Association BSA Experience Program

The status of the BSA Program should be reported to the Board of Directors in such a manner as to ensure there is complete transparency of any key performance or key risk indicators that may compromise the financial institution’s compliance obligations. As regulatory consent orders have increased over the years, board reporting has become a more scrutinized area in BSA/AML exams.  This session took attendees through their reporting procedures and experience with regulators up to consent orders that contain weaknesses in board reporting and recommendations for improving current board reporting procedures.