Templates
Risk Management
BSA (Bank Secrecy Act) Risk Assessment Template
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BSA (Bank Secrecy Act) Risk Assessment Template

Optimize banking compliance with our BSA Risk Assessment Template, covering inherent risk identification, threat analysis, control evaluation, and improvement steps.
1
Identify and classify the inherent risks within the organization
2
Detailed analysis of potential threats to the organization
3
Perform a risk rating calculation
4
Evaluate the effectiveness and appropriateness of established controls
5
Approval: Risk Rating Review
6
Conduct due diligence background checks on higher risk customers
7
Verify all transactions for legality and authenticity
8
Monitor high-risk transactions and accounts
9
Correct any identified vulnerabilities in the existing controls
10
Perform a detailed review of all international transactions
11
Approval: Legal Verification
12
Perform audit of the BSA/AML compliance program
13
Ensure all necessary customer documentation is updated and accurate
14
Update BSA risk assessment based on program audits and assessments
15
Identify necessary adjustments to the BSA compliance program
16
Approval: Adjustments to BSA Compliance Program
17
Implement recommended changes to the BSA compliance program
18
Educate employees on any changes to the compliance program
19
Schedule the next risk assessment process
20
Prepare and submit final BSA risk assessment report to the management