Which role is responsible for overseeing BSA compliance within an organization?

• A. BSA Compliance Officer
• B. IT Manager
• C. HR Director
• D. Chief Financial Officer

Answer: (A)

The main idea here is that BSA compliance requires a dedicated role with authority to design, implement, and monitor the AML program. The BSA Compliance Officer is the position charged with overseeing all BSA/AML activities, including customer due diligence, ongoing monitoring, suspicious activity reporting, and regulatory communications. This role ensures staff training, internal audits, and liaison with regulators, and it typically has direct access to senior management and the board to maintain independent oversight of the program.

The other roles focus on different areas: IT Manager handles technology and systems, HR Director handles personnel and onboarding processes, and the Chief Financial Officer oversees finances. While these disciplines intersect with AML controls, they do not own and oversee the BSA program itself.