Thread Options
#2233726 - 03/26/20 07:17 PM High Risk Review
aBSAlife4me Offline
Junior Member
Joined: Apr 2015
Posts: 29
Just curious how often others are reviewing their high risk accounts...

Monthly?
Quarterly?
Semi-Annual?
Annual?

Return to Top
BSA/AML/CIP/OFAC Forum
#2233728 - 03/26/20 07:29 PM Re: High Risk Review aBSAlife4me
Q Offline
Junior Member
Joined: Jun 2015
Posts: 49
We do ours Semi-annually. We use our BSA Software to run a risk analysis to get list and review those accounts. We do it in April and October each year. Our examiners are good with it (OCC)

Return to Top
#2233739 - 03/26/20 08:33 PM Re: High Risk Review aBSAlife4me
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,639
The Country
Our High Risk customers are broken down into 3 tiers, High, Medium, and Low. We then review them according to their rating. High are reviewed quarterly, Medium Semiannually, Low Annually. Never had any grief from the FRB as we do the reviews "Risk Based".
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

Return to Top
#2233792 - 03/27/20 04:19 PM Re: High Risk Review aBSAlife4me
P*Q Offline

Power Poster
P*Q
Joined: May 2001
Posts: 8,458
Somewhere
Semi-annually here as well.

Return to Top

Moderator:  Andy_Z