Live Webinar - "BSA/AML Contextual Awareness of High Risk Customers"

Live Webinar: BSA/AML Contextual Awareness of High Risk Customers When: Thursday October 7, 2021 - 01:00 PM Duration: 60 Minutes.

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The management of compliance risk requires a thorough evaluation of the customer base. Determining the risk rating of a customer – especially those seen as High Risk – plays an important role in the construction of a complete and accurate BSA/AML Risk Assessment. The determination of High Risk Customers may involve a wide array of variables, carefully rated and scored, or a single variable that overrides all others. The factors to calculate high risk – or any risk – must drive an on-boarding system – computer-based or manual. How many high-risk customers must an institution have before the meaning of high risk becomes meaningless? This webinar will highlight the steps to identify and evaluate high-risk customers. Learn how to perform BSA, AML risk assessments. This webinar will examine the regulatory background behind the determination of high risk, weighting and rate factors leading to high risk scoring, and asking when is a high-risk customer too hot to handle, what is the risk appetite of the institution.

Learning Objectives:
High Risk Customers and the BSA/AML Risk Assessment
What makes a Customer High Risk – Institutional Risk Appetite
Evaluating and Validating Rating Factors
Enhanced Due Diligence Considerations
Can an Institution have too Many or too Few High-Risk Customers