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.
- 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
- Money Service Businesses
- Nonresident Aliens
- Embassy and PEPs
Who Should Attend?
BSA Officers, Risk Officers, Compliance, Management, Deposit Operations, Branch Administration and Training.
Please note: This site employs features that may cause unexpected behavior in older versions of Internet Explorer. If you experience a problem, try refreshing your screen. If this doesn't solve the problem, click on this link.
You may contact us by using the Online Chat button below.