I have a S&S exam coming up in another week and need your help. They are asking for "A list of products, services, customers, and geographies with high risk for money laundering." I know that the OCC Consumer Compliance BSA Handbook has a good listing of High-Risk Areas, etc.
My question is, how do I go about relating this information to my account database? Do I consider everything that falls into one of the listed categories as high-risk? That would be a large number of accounts and several of the impacted accounts do not seem to be high-risk. Should I only consider this to be a basic guideline from which I should begin my designations?
All help is deeply appreciated. Thanks in advance for your comments and the time required to make them.
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