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#1836367 - 07/25/13 03:53 PM NAICS Codes for High Risk Customers
Calmeida12 Offline
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Does anyone have a list of the NAICS codes for the higher risk customers on the FFIEC manual? Thank you.

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#1836376 - 07/25/13 03:55 PM Re: NAICS Codes for High Risk Customers Calmeida12
Dani York, CRCM Offline
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http://www.census.gov/cgi-bin/sssd/naics/naicsrch?chart=2007

Just use the drill down chart at the above link.
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#1836654 - 07/25/13 09:37 PM Re: NAICS Codes for High Risk Customers Calmeida12
yy2say Offline
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#1836848 - 07/26/13 03:35 PM Re: NAICS Codes for High Risk Customers Calmeida12
Elwood P. Dowd Offline
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If you are accumulating them for intended use on the CTR and SAR, your only options are here. FinCEN does not use all of the codes and you cannot use a code other than one of those on FinCEN's list. See question 19
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#1836874 - 07/26/13 03:52 PM Re: NAICS Codes for High Risk Customers Calmeida12
rlcarey Offline
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And if you have NAICS codes associated with your customers, then I would say you are required to report them on any CTRs. There is no requirements to actually have them, but IMHO, if you have them you have to report.
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#1836967 - 07/26/13 05:13 PM Re: NAICS Codes for High Risk Customers rlcarey
Elwood P. Dowd Offline
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Based on the language which Question 19 reiterates from previous guidance:

...use of a NAICS code is not mandatory, and a financial institution may still provide a text response with respect to this information within the “Occupation” field. .

I would be comfortable using a text description in the "Occupation" field even if I had assigned the 2007 codes at the customer level.
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