FFIEC Industry Outreach Events

The focus of this webinar is to discuss the 2020 updates to the FFIEC BSA/AML Examination Manual.  The updates cover the BSA/AML Compliance Program sections including Scoping and Planning, BSA/AML Risk Assessment, Assessing the BSA/AML Compliance Program, and Developing Conclusions and Finalizing the Exam, as well as the examination procedures related to these areas.

Current trends in email compromise fraud, as well as control considerations that may help institutions better protect themselves and their customers from this growing cyber threat.

Financial Crimes Enforcement Network (FinCEN) discusses its “Updated Advisory on Email Compromise Fraud Schemes Targeting Vulnerable Business Processes” (FIN-2019-A005).  In addition, representatives from the FFIEC’s Cybersecurity and Critical Infrastructure Working Group, the BSA/AML Working Group, and the IT Subcommittee also share supervisory insights.