De-Risking Customers - Where Are We?

If you have ever said “We don’t bank ____”. You may be guilty of de-risking.

This issue is heating up around the country for Bank Secrecy purposes because of the AML Act of 2020 passed in 2021. Be careful with these decisions and how a better more risk oriented approach may be more appropriate. Learn about de-risking and maybe think about new look at your risk paradigm.

The "De-Risking Customers - Where Are We?" has been approved for 2 CAMS credits. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event. To receive a certificate, email Streaming@OnCourseLearning.com.

Covered Topics

  • What is De-risking?
  • What is happening in the AML Act about de-risking
  • Is there guidance out on risk
  • High Risk Customers—who are they and why is it hard to bank them
  • Charities
  • Money Service Businesses
  • Nonresident Aliens
  • Embassy and PEPs

Who Should Attend?

BSA Officers, Risk Officers, Compliance, Management, Deposit Operations, Branch Administration and Training.