Review the FFIEC BSA/AML Exam Manual - specifically, p. 26 and the section on Professional Service Providers starting on p. 316.
Risk Rating Matrix Classification-NAICS Code
Currently, each of our business deposit accounts is coded with an NAICS code as well as a Risk Rating. In reviewing the risk rating matrix classification, Doctors are included in the high risk category. What are your thoughts?
First published on 08/25/2014