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BSA Risk Rating Tool Set

BOL user and Advisory Roundtable member, Brenda Canterbury, has provided five tools used in the BSA/AML risk rating process. These are excellent tools for any community bank to use when implementing and managing their risk assessments of products, services and commercial customers. The worksheets and instructions are provided as guidance. Each institution can utilize these tools along with other resources, such as the new FFIEC Manual, to design your own customized program.

Related to these is a form made available by the OCC. This is one more risk assessment tool being distributed to national banks as part of the OCC's exam process. Any institution may find this form helpful. The Summary form is a gauge to assist in BSA risk analysis as it pertains to your products, geographies, services and customers.The OCC was careful to note that a bank's final risk profile is not driven by the numbers alone. You need to review the risk levels within each customer or transaction group and determine the complexity of your operations being evaluated.

First published on 01/01/2001

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