Risk Analysis Checklist for BSA and AML
Wayne Barnett, President of Wayne Barnett Software, has contributed a "RiskAnalysis Checklist for BSA and AML." It's a list of factors for you to consider when deciding whether a given customer should be considered to bring more money-laundering risk to the bank, and therefore be subjected to increased scrutiny in the bank's AML program.
Because Wayne provided his checklist in an Excel spreadsheet format, you can easily adapt it to "do the math" for you, or insert other measures that are unique to your bank's situation.
First published on 09/01/2006