Large Bank Supervision Forum eBook

Internal Use Only

The Independent Testing Program . . .

1. Should be performed by an independent and qualified party − Need not be a third party 2. Scope and frequency should be based on the risk profile − Size, complexity, and risk assessment 3. Should be reported to the Board (or Board Committee) − Results and necessary actions

101

© 2023 – FinPro, Inc.

Internal Use Only

The BSA Officer should . . .

Designated by Board

Sufficient Knowledge

Resources

Authority

102

© 2023 – FinPro, Inc.