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BSA/AML Risk Assessment demo

Every risk category read as inherent risk, control strength and residual risk, every word opening its data, challenged against last year and approved by the board 1:23

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What the demo shows

BSA officers build the bank's BSA/AML risk assessment from products, customers and controls

Agents pull the data points from the core, monitoring, case management, ledger, partner records and board portal, score each risk category and each control with the bank's own methodology, and draft the narrative with a citation on every figure. The assessment reads as five rows, inherent risk to controls to residual risk, and every word opens the data behind it. A challenger agent compares the draft with last year's assessment, the FFIEC manual and FinCEN's publications and lists every claim that is out of date. The BSA Officer resolves each one and submits; the BSA Committee and the board approve. Each quarter the agents rerun only what moved.

Transcript

  1. BSA/AML Risk Assessment drafts the bank's risk assessment for its BSA officer.
  2. Most banks use spreadsheets; FinCEN now proposes prompt updates.
  3. At Tessaly Community Bank, agents pull 112 data points from six systems.
  4. Each row reads inherent, controls, residual; every word opens its data.
  5. Fintech partners: eleven programs, $1.9 billion of ACH a month.
  6. The challenger finds the narrative still says six programs.
  7. The officer fixes it and submits, but cannot approve her own work.
  8. The committee chair reviews, then the board records its approval on November 18.
  9. Every edit and approval is on the record, for examiners.
  10. Quarterly, it reruns only what moved; the aim is four days, not five weeks.
  11. Built on Botminds: agents, data, screens and governance on one platform.

The narration as written for the film. Captions are on the player.