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MSBs, MRBs, PEPs, and Other High Risk Customers Webinar

August 17, 2022 1:30 pm - 3:30 pm

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 begin to see their impact on 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? And can the high-risk customers and services impact your bank’s BSA risk rating?

Covered Topics

  • 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
  • Monetary Instruments
  • Cannabis related businesses (MRBS and HRP)
  • Third Party Payment Processors (TPPPs)

Who Should Attend
This webinar is designed for BSA Officers, BSA Coordinators, Compliance Officers, and Security Officers.