BSA risk scoring is an important control for ensuring that the risk profile for your customer base is appropriately scored based on the inherent nature of the customer risk and the residual nature of that customer risk based on various factors. The risk scoring should be manageable, practical and effectively represent the risks associated with your total customer base to ensure that ongoing enhanced due diligence is performed accurately and timely based on the associated risks with each high-risk customer.
This risk webinar will take attendees through the purpose of risk scoring, implementation of leading business practices for scoring your customer base, and regulatory expectations for reviewing and enhancing these risk scores.
Defining Customer Risk Scoring
Regulatory Requirements and Expectations;
Difference between Inherent Risk Scoring and Residual Risk Scoring;
Implementation of Procedures for Changing/Enhancing Risk Scoring;
Important Guidance when changing your risk scoring methodology;
Procedures to include in your BSA Program on risk scoring.