Skip to content

Risk Rating on Customer Opening New Saving Acct?

Answered by: 

Question: 
Should we complete a risk rating on a customer opening a new saving account, as an example, or how are the accounts selected that this is completed on, i.e. based on what criteria?
Answer: 

Unless the customer themselves fails your standard customer due diligence test because of the nature of the customer, I am not sure why anyone would specifically risk rate a savings account, other than low, if you have such a rating?

First published on 11/15/2020

Filed under: 
Filed under compliance as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics