BSA/AML Risk Assessment Development Workbook

This instructional workbook will assist a BSA Officer or Compliance Officer in completing an overall BSA/AML risk assessment in accordance with the FFIEC’s examination procedures expectations. Internal auditors wishing to perform a BSA/AML risk assessment on the bank’s compliance program will also find this a very valuable tool. The process is examined in detail as it guides you through the determining factors such as the bank’s size and structure, geographic locations, customers and entities, operations, and products and services. A prerequisite to completing the risk assessment is performing customer due diligence to determine those customers or customer types that involve higher BSA/AML risks.