Key Considerations for Today’s BSA/AML Professionals
Results from the 2021 BSA/AML & Fraud Staff Survey
Abrigo surveyed over 300 BSA/AML, fraud, and compliance professionals and found that while some industry challenges are perennial, compliance professionals are grappling with a range of emerging issues and trends.
Findings from the survey unveil:
- Top obstacles reported by BSA/AML professionals
- Impact of the pandemic and related events on BSA and Fraud departments
- BSA/AML trends on cannabis banking and cryptocurrency
About the 2021 Financial Crime Industry Survey
Respondents:
- Over 300 BSA Officers, Compliance Officers, BSA Analysts, and other professionals involved in BSA/AML compliance
Additional details:
- Banks and credit unions included
- Abrigo customers and non-customers
Asset Size Breakdown:
- Less the $500 million: 28.4%
- Between $500 million and $3 billion: 47.2%
- Between $3 billion and $10 billion: 14.4%
- Greater than $10 billion: 10%
What problems are compliance professionals facing today?
Download the FinCrime Industry Survey Results
Today’s BSA/AML and fraud departments are busier than ever. On top of managing ever-changing regulations and more complex financial crime schemes, COVID-19 has created even more obstacles for BSA/AML and fraud departments to juggle.
Download to learn:
- How your institution compares to peers to help gain perspective on daily activities and practices
- Survey results on top obstacles, SAR filing, detecting human trafficking, consolidation of BSA and fraud departments, and more
- Tips and additional resources your financial institution can incorporate for continuous improvement