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BSA/AML Decoded: Unpacking Transaction Monitoring

June 25th, 2024

2pm ET / 1pm CT

Transaction monitoring - it’s the heartbeat of your compliance program, catching anomalies and ensuring regulatory adherence. Whether you’re relying on manual reviews, basic software, or advanced algorithms, monitoring transactions effectively is vital to identifying suspicious activities, maintaining compliance, and fighting financial crime in your community. In this session, former bank examiner Brian Nowak and former OCC regulator Ryan McInerny delve into the latest trends, challenges, and strategies in transaction monitoring.

Join this session to learn:

  • Effective transaction monitoring strategies across BSA programs

  • Limitations and weaknesses in conventional monitoring approaches

  • How to refine your transaction monitoring to better protect your institution

To see rest of the series, watch Part 1 "BSA/AML Decoded: Breaking Down Risk Scoring" and register for Part 3 "BSA/AML Decoded: Investigations & Case Management"

Meet the Presenters:

Brian Nowak, Senior Compliance Specialist

Brian Nowak has spent over a decade in regulatory compliance and internal audit roles, including working as a safety and soundness examiner for the Federal Reserve System and holding senior executive positions at prestigious accounting firms. During his tenure at the Federal Reserve, he oversaw all aspects of examinations for both small and multi-billion-dollar financial institutions and bank holding companies. His specialties include evaluating various areas such as risk management practices, asset quality, earnings performance, interest rate risk management products, liquidity, internal controls, and management information systems.

Ryan McInerny, Director of Product Strategy

Ryan McInerny is the Director of Product Strategy at RiskScout, where he is passionate about creating solutions to enhance the day-to-day lives of financial institution employees. He brings a wealth of regulatory and technical experience to his role as a former National Bank Examiner with the Office of The Comptroller of the Currency (OCC). At the OCC, Ryan was a member of the OCC’s northeast district committees for compliance and commercial credit, where he helped to identify changing industry trends and risk conditions. Ryan brings a strong business sense with his banking expertise, having received his Masters Degree in Business Analytics from UVA's Darden School of Business.


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