BSA-AML Examiner School Case Study eBook

Internal Use Only

Assign Overall Trend →

Summary of Risk Ratings:

N/A

MISCELLANEOUS (CUSTOMIZE TO YOUR BANKS NEEDS)

Yes/No or N/A

Comments and description of mitigating controls

add optional risks here add optional risks here add optional risks here add optional risks here add optional risks here

- - -

Assign Inherent Risk → Assign Controls Rating → Assign Residual Risk →

Summary of Risk Ratings: Assign Overall Trend → [enter reason(s) for the determination of the residual risk rating based on applicable risk factors such as weaknesses in policies, procedures or controls, recent exam or review findings, transaction volume, customer risk, regulatory risk etc.]

Overall Risk Ratings (average of all ratings)

Overall Inherent Risk → 2.70

Moderate

Overall strength of Controls → 2.00 Overall Residual Risk → 2.00

Satisfactory

Limited

Assign overall Trend → Stable The Bank's BSA / AML Program is stable and strong. As of July 2023, the bank approved an enhanced BSA Policy and appointed a new CCO and BSA Officer. The new BSA Officer has subsequently reviewed and enhanced additional BSA / AML and OFAC processes and procedures across the Bank, established tracking and reporting, and provided additional training to impacted staff.