Board of Directors BSA Annual Update (Fall 2024)
When it comes to BSA Training for the Board of Directors, the FFIEC BSA Exam Manual specifically says this: “The board of directors and senior management should receive foundational training and be informed of changes and new developments in the BSA…”
In other words, examiners are looking for two distinct types of BSA training for the Board of Directors: 1) foundational training and 2) training on changes and new developments in the BSA/AML world. While we have specifically designed our BSA for the Board of Directors program to satisfy the first requirement, the second type of training is a completely different type of program.
Our BSA Annual Update for the Board of Directors is a video-based training program that is specifically designed to provide the Board and Sr. Management with both 1) a very quick overview of foundational BSA/AML training and 2) training on changes and new developments in BSA/AML rules and regulations. Presented with a “bottom line” approach, this program is as short and to the point as possible, covering both a basic overview of BSA and an entire year’s worth of BSA activity in just under 30 minutes.
At the end of the day, our BSA Annual Update for the Board is an efficient way to show regulators that your Board (and Sr. Management) has satisfied training expectations found in the FFIEC BSA Exam manual where it says the Board “should receive foundational training and be informed of changes and new developments in the BSA.”
This program has been specifically designed for the Board of Directors and Sr. management of financial institutions, but would also be good for anyone else wanting a bottom-line approach to foundational BSA/AML training as well as changes over the last year.
NOTE: There are multiple ways for us to deliver this video program to your directors - including an option for a private portal for your directors to access - so let us know if you have questions.
Class Pricing
Regular: $399
NOTE: If you would like to sample this program before purchasing it, just let us know and we can let you preview it before you purchase it.