This course focuses on the specific responsibilities and challenges faced by managers and the board of directors. We will also review practical solutions and guidance which managers and directors can use as "best practices,” and which can serve as benchmarks to evaluate the AML/BSA compliance programs at their institutions. 

Outside directors face a special challenge in today’s regulatory environment. Directors may not have firsthand knowledge of their banks’ everyday operations because they are not employees. However, they are expected to be just as knowledgeable about the bank’s AML program, its effectiveness, and any potential problems as are management and the compliance department.