Identifying your bank’s BSA/AML risk profile

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Question:

What is the key to identifying and understanding the bank’s risk exposure and developing the necessary policies, procedures, systems and controls to mitigate BSA/AML risk?

Answer:

Your BSA/AML and OFAC risk assessments are the key to identifying your organization’s risk profile. Never underestimate the value of your risk assessments.
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Keys to Successfully Managing the Examination Process Questions