Risk Rating New Accounts
Risk rating new accounts can be difficult and the process was made more difficult with the rules involving internet gambling. There are more questions to ask and more factors involved in risk rating accounts. BOL user "Oursisnottoreasonwhy" and his bank created this worksheet to make the job easier and more consistent. This form prints with all new business deposit account forms at his bank.The CSR's use this tool to risk rate business deposit accounts for BSA purposes and it contains away to gather info for Reg GG compliance.
You may also find this helpful in your bank. You can customize the Excel version to meet your individual needs but here is an excellent starting document.
First published on 03/01/2013