One and Half Day workshop on
BSA/AML/OFAC Risk Assessments - Are you Doing them Correctly
Date: Thursday, 03 August 2017 - Friday, 04 August 2017 | Location: Chicago, Illinois | Download Workshop Brochure
Course Description
Although financial institutions have been managing BSA operations as per the regulatory requirements, the change in focus to appropriate BSA/AML/OFAC risk assessment has become increasingly important. Regulators look to the organization for insurance and evidence that BSA operations are appropriately performing risk assessments. Appropriate risk assessments are essential in an organization's strategic planning and development, as well as ensuring compliance with laws and regulations.

This Bank Secrecy Act risk assessment seminar will highlight BSA best practices that are being acknowledged and recognized by regulators and examiners and will discuss each risk assessment area. Attendees will learn how to conduct a comprehensive review of their current organization's BSA/AML/OFAC risk assessment.

Learning Objectives
Key goals of this BSA risk assessment course are:
  • To review and evaluate policies and procedures for risk assessments
  • To help identify your organization's risks
  • To determine your organization's risk threshold based on the organization's strategic plans and business models
  • To discuss how to conduct a comprehensive review of your organization's BSA/AML/OFAC risk assessment, including
    • Determining completeness of the risk assessments
    • Determining the thoroughness of risk assessments
    • Determining if current risk assessment matrixes are appropriate for your organization
  • To discuss how to establish risk assessments for your organization, specifically:
    • BSA risk assessments
    • AML risk assessments
    • OFAC risk assessments
  • To illustrate how to perform the risk assessments
  • To highlight the need for periodically reviewing risk assessments to determine if they are still relevant, appropriate and adequate
  • To discuss implementing a BSA/AML/OFAC risk assessment program at your organization
Who will Benefit
  • BSA / AML Officers
  • Internal Auditors
  • Staff with Roles and Responsibilities in BSA/AML Management and Oversight
  • Money Service Business BSA/AML Officers
  • Corporate Auditors
  • Risk Managers
  • Legal Department Personnel
  • Regulators
  • Compliance Officers

Day One (8:30 AM - 4:30 PM)

Day 1: (8:30 a.m. - 9:00 a.m.: Registration Process)

Session Start: 9:00 AM

Welcome and Introductions (30 Minutes)

Understanding the Basics (1 Hour)
  • Risk Assessment 101
    • What is a risk?
    • Risk and your business objectives
    • Types of risks
    • Consequences of failing to recognize risks
    • Lack of risk monitoring implications
Establishing the Importance of Proper Risk Assessing (1 Hour)
  • Board of Directors and Senior Management Involvement
    • Implementing a risk assessment which best reflects the organization's
    • goals and objectives
    • Examples of involvement
    • Roles and responsibilities
  • Reviewing and Determining Risks
    • Who is responsible for determining risks?
    • How do you know that your risk rating is appropriate?
  • Establish Appropriate Risk Ratings
    • Types of risk ratings
    • Who reviews and approves risk ratings?
    • Example: risk rating determination spreadsheet
  • When Risk Ratings Don't Make Sense
    • Changing risk ratings
    • Ensuring reasons are documented to support risk ratings
Establishing Risk Matrixes (5 Hours)
  • BSA Risk Assessments
    • Definition
    • Examples
  • AML Risk Assessments
    • Definition
    • Examples
  • OFAC Risk Assessments
    • Definition
    • Examples
Day Two (8:30 AM - 1:30 PM)

Welcome (15 Minutes)

Compliance Consideration (2 Hours)
  • The Office of Foreign Assets Controls (OFAC)
  • Massive Fines for Non-compliance
  • Examples of How Incorrect Risk Ratings Affect an Organization
Continuous Monitoring (2 Hours)
  • What is Considered Continuous Risk Assessment Monitoring
  • The Pros and Cons
  • Making Changes
  • Establishing a Review Schedule
The Risk Assessment Toolkit (45 Minutes)
  • Example Policies
  • Example Risk Assessment Matrixes
  • References and Links

Dr. Gina J. Lowdermilk - President and CEO, Platinum Endeavors LLC

Dr. Gina J. Lowdermilk, PhD (ABD), CAMS, CRMS is a qualified BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. Gina has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.


Register yourself for this brainstorming session Now . You can do single registration or group or register via P.O/Check or Wire.

Register Online
Single Registration
Special Group Discount
2 Attendees - Get 10% off
3 to 5 Attendees - Get 20% off
5+ Attendees - Get 30% off
Your registration fee includes the workshop, all course materials and lunch.
Register by P.O. / Check / Wire Transfer
Excited to join the workshop on "BSA/AML/OFAC Risk Assessments - Are you Doing them Correctly" then register for the same by P.O. / Check / Wire Transfer. Call us Toll Free at (510)-857-5896 for any registration related assistance.

If you are Paying by Check:
Checks should be payable to Holkoi LLC and mailed to:
38780 Tyson Lane Suite 210 Fremont
California 94536, USA

Wire Transfer:
If you wish to pay by wire transfer. Call us toll free on 510-857-5896
Need Help!
In case you find difficulty in registering, availing the discount or need further information regarding the workshop, please feel free to contact our customer support team at (510)-857-5896 or send an email to We will help you.
Terms & Conditions to Register for the Workshop
Your registration for the workshop is subject to following terms and conditions. If you need any clarification before registering for the workshop call us at (510)-857-5896 or email us at

Payment Process
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to HOLKOI LLC. (our parent company)

If you are paying by check, the check should be payable to Online Compliance Panel and mailed to: 38780 Tyson Lane Suite 210 Fremont California 94536
The registration fee includes: The workshop; all related course materials; tea/coffee and lunch on both the days

Cancellations and Substitutions
For online registration, use your American Express, Visa or MasterCard.

In case you find difficulty in registering, call us at (510)-857-5896 or sent an email to We will help you to register hassle-free.

Any cancellation request received at least 10 calendar days prior to the start date of the event will receive a refund with a $200 administration fee deduction. No cancellations will be accepted - nor refunds issued - within 10 calendar days from the start date of the event.

On request (before the commencement of the workshop) a credit for the amount paid minus administration fees ($200) will be transferred to any future Online Compliance Panel event and a credit note will be issued. Substitutions may be made at any time.

Onsite registrations are also possible. However we accept only credit card payments and check payments. Conference material will be issued on the spot depending on the availability. In case it is not available we will send the material by post after the conference is over. In the event, Online Compliance Panel cancels the workshop; the company is not responsible for any airfare, hotel, other costs or losses incurred by registrants. Some topics and speakers may be subject to change without notice.

Conference Photograph / Video
By registering and attending Online Compliance Panel workshop, you agree to have your photographs or videos taken at the conference venue and you do not have any objections to Online Compliance Panel using these photos and videos for marketing, archiving or any other conference related activities. You agree to release Online Compliance Panel from any kind of claims arising out of copyright or privacy violations.

Documents to Carry
Online Compliance Panel will issue an electronic event pass to each registered candidate once the registration is confirmed. Please bring the pass to the venue of the event.

Chicago, Illinois


Sheraton Grand Chicago,

301 East North Water Street Chicago,

Illinois 60611 United States

Local Attractions :
Museum of Science and Industry

The Museum of Science and Industry is one of the largest science museums in the Western Hemisphere and is housed in the only left behind building from the famous 1893 World's Fair, "The White City". The MSI is dedicated to the application of natural laws in industrial and technological development. The museum is the first in the U.S. to have incorporated the idea of "hands-on" exhibits such as, exploring a real World War II German submarine, controlling a 40-foot indoor tornado, descending into an Illinois coal mine, more.
Willis Tower SkyDeck

Until 1996 Willis Tower, was the world's tallest office block. The Willis Tower was opened to the public in 1974. The 1,453 feet tall building has an observation area called the SkyDeck on the 103rd floor, where you can enjoy a 360-degree panoramic view. A glass box with a glass floor known as the Ledge, sticks out from the SkyDeck, where visitors can stand and look at the city below.
Art Institute of Chicago

The Art Institute of Chicago is a top class museum located in Chicago's Grant Park. The varied collection spans thousands of years and includes pieces from an array of media including painting, photography, sculpture, textiles, decorative arts, architectural drawings and more. The Institute is well known for its wide collection of impressionist and post-Impressionist paintings. It also holds with pride American art, European and American decorative arts, Old Masters, Asian art, Egyptian art, modern and contemporary art and many more.
Michigan Avenue and the Magnificent Mile

Michigan Avenue is one of the most attractive cosmopolitan boulevards in America located between the Michigan Avenue Bridge and Oak Street. The city's famous Magnificent Mile is a part of Michigan Avenue north of the Chicago river, with abundant boutiques, galleries and luxury shops. Some of the major attractions here include the Wrigley Building, the John Hancock Center and the Tribune Tower. Michigan Avenue splits between North and South designations at Madison Street.
Millennium Park

Bordered by Michigan Avenue to the west, Columbus Drive to the east, Randolph Street to the North and Monroe Street to the South Millennium Park is located in downtown Chicago. The key features of Millennium Park include the Jay Pritzker Pavilion, an outdoor concert venue, Lurie Garden, the interactive Crown Fountain and the Cloud Gate sculpture on the AT&T Plaza.
Navy Pier

The Navy Pier, which was originally opened in 1916 as a shipping facility and amusement area, is a 3,300-foot-long (1,010 m) pier on the Chicago shoreline of Lake Michigan. Today, the Navy Pier comprises 50 acres of gardens, shops, concert venues, restaurants and parks. There is a 150 ft Ferris wheel and an historic carousel in Navy Pier Park. The Pier even had its own tram. Today, the pier is one of the most visited tourist attractions in the entire Midwestern United States.
The Shakespeare Theater

The Shakespeare Theater in Chicago is situated at the Navy Pier. The seven-storey theater houses a 500 seat Courtyard Theater and a 200 seat flexible black box theater.
Field Museum of Natural History

The Field Museum in Chicago originally called the Columbian Museum of Chicago was founded in 1893 to showcase the biological and anthropological collections hoarded for the World Columbian Exposition. The permanent exhibits at the museum include an exhibition on dinosaurs, Native Americans, permanent displays on Ancient Egypt and the cultures of North, Central and South America and "Sue," the largest and complete Tyrannosaurus rex skeleton.