Description:

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

Why You should Attend The Session :

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.

Areas Covered During The Session:

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