BSA and Privately Owned ATMs' Risk

Gina J. Lowdermilk

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Financial institutions are required to be compliant with BSA rules and regulations. Having a comprehensive and compliant BSA/AML program helps a financial institution to properly identify customers, who have privately owned ATMs and assess risk accordingly for them. Proper oversight and enhanced due diligence are needed to ensure ATM customers are not using the financial institutions as a conduit for financial crime. Failure to do so can result in not only monetary implications but regulatory and reputational as well.

Objectives of the Presentation:

  • Identifying customers who privately own ATMs
  • Properly determining the risk associated
  • Understanding the documentation for ATM customers
  • Enhance due diligence for ATM customers
  • ATM AML red flags
  • Program oversight

Why should you Attend:

Financial institutions are required to be compliant with BSA rules and regulations. Such compliance needs to be well documented and consistent to ensure financial institutions are adequately identifying POATM customers and mitigating those risks. Financial institutions' BSA POATM program must be included in the bank's policies and procedures, comprehensive risk assessments, and monitoring programs.

This session highlights understanding and mitigating the risks of POATMs that are being acknowledged and recognized by regulators and examiners. In this webinar, we will discuss the areas that regulators and examiners are primarily focusing on in regards to POATMs. The areas of focus outlined in this webinar are based on best industry practices and supervisory experience.

Areas Covered:

  • Understanding ATM customers
  • Implementing BSA compliance practices on privately owned ATMs
  • Assessing policies and procedures regarding POATMs
  • Determining the effectiveness and thoroughness of training programs
  • Ensuring qualified employee oversight of daily BSA operations regarding POATMs
  • Independent testing

 Who will benefit:

  • BSA Officers
  • Internal Auditors
  • BSA and AML department staff
  • Deposit Operations
Webinar Events
Live -Coming soon!

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

Premier price: $ 539 (save 10%)

Recorded video

Recorded video session

Premier price: $ 314 (save 10%)

Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated 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 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 from 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. She 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 requested from numerous clients.

Get in touch

(315) 632-0735,
(315) 750-4379