Your financial institution is full of customers who require many types of services. The BSA exam identifies many services and customers as high risk for money laundering. We will cover the high risk customers and services listed in the BSA exam manual and being to see their impact into our AML program.
We will look at what makes a customer or service high risk. What extra due diligence is required when the customer is high risk? Can the high risk customers and services impact your bank's BSA risk rating?
Topics Covered:
- Nonresident Aliens and Foreign Individuals (NRA)
- Politically Exposed Persons (PEP)
- Embassy and Foreign Consulate Accounts
- Nonbank Financial Institutions and MSBs
- Professional Service Providers
- Nongovernmental Organizations and Charities
- Cash Intensive Business
- Bulk Shipments of Currency
- Electronic Banking
- Funds Transfers
- ACH
- Electronic Cash
- Third Party Payment Processors
- Monetary Instruments
Who Should Attend?
This webinar is designed for BSA Officers, BSA Coordinators, Compliance Officers and Security Officers.