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National Risk Assessments – What Do You Need to Know and Do

What do you need to know and do about these risk assessments? How do you incorporate them into your ML/TF program for BSA?

OnDemand
Recorded Tuesday,
June 14th, 2022
Presented by Deborah Crawford
2h total length
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Risk Manager
  • Trainer

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3 National Risk Assessments Released

What do you need to know and do?

The U.S. Department of the Treasury on March 1, 2022 issued the 2022 National Risk Assessments (NRAs) on Money Laundering (NMLRA), Terrorist Financing (NTFRA) and Proliferation Financing (NPFRA). These documents highlight the most significant illicit finance threats, vulnerabilities, and risks facing the United States. The United States is vulnerable to all three forms of illicit finance because of the size and sophistication of the U.S. financial system and centrality of the U.S. dollar in the payment infrastructure of global trade.

These NRAs are the third iteration of the NMLRA and NTFRA since 2015 and second for NPFRA since 2018. They take into account changes to the illicit finance risk environment resulting from the COVID-19 pandemic, ransomware, domestic violent extremism, corruption; the increased digitization of payments and financial services; and the enactment of significant new requirements to the U.S. anti-money laundering/countering the financing of terrorism (AML/CFT) framework. The NRAs are an important resource that the public and private sectors can use to understand the current illicit finance environment and inform their own risk mitigation strategies.

What do you need to know and do about these risk assessments? How do you incorporate them into your ML/TF program for BSA?

What You'll Learn

  • National Risk Assessment on Money Laundering
  • National Terrorist Financing Risk Assessment
  • National Proliferation Financing Risk Assessment
  • Action Steps to take for your risk assessment, internal controls and training

Who Should Attend

BSA Officers, BSA Staff, Risk Management, Compliance, Deposit Operations, Training.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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