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BSA Risk Assessment And Reporting
The risk assessment will truly illustrate the areas of risk at your institution. The assessment encompasses a three pronged method, which looks at:
- Exposure/Susceptibility to risk(s) associated with money laundering
- Procedures implemented to mitigate those risks
- Confirmation that mitigation efforts are enforced
The assessment will include review and analysis of:
- customer demographics
- concentration of transactions
- transaction amounts
- products
- geography of clients, branches and transactions
- review of current protocol and procedures
- statistical analysis of transactions per product and its position in comparison to other products, client types, etc.
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