How to Implement the 5 Pillars of a BSA/AML Program


Get ready to enhance the success of your BSA/AML programs to limit your organization's exposure to financial crime. Download now.

About This eBook

Ebook: How to Implement the 5 Pillars of the BSA Program

There's no doubt that managing compliance with Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA) regulations is challenging. As a result, organizations face increasing scrutiny and the threat of severe penalties for falling short of their requirements.

According to the United Nations Office on Drugs and Crime report, it is estimated that 99% of illicit funds go undetected, which means that while efforts have been made over the years to improve AML programs, there is more work to be done when it comes to creating effective systems.

In this eBook, we take a closer look at each of the 5 Pillars of a BSA/AML program via a “risk lens.” By viewing risk management as an ongoing process and requiring continual review, the pillars can be implemented in a way that ensures compliance with BSA/AML regulations while safeguarding the business from the illicit activities of criminal organizations.

Here, you’ll discover:

  • What the 5 Pillars are and why they are important for building a solid foundation for your program.
  • The importance of going beyond compliance by viewing effective risk management as a cohesive system.
  • How technology can improve BSA/AML management by mitigating risks and completing routine processes faster.