Bsa Aml Risk Assessment Template

Assess the bsaaml risk profile of the bank and evaluate the adequacy of the banks bsaaml risk assessment process.

Bsa aml risk assessment template. Ii to quickly fill in the templates formatting select pre populated cells and drag the fill handle down the new cells 2 see bsaaml risk assessmentoverview the first step of the risk assessment process is to identify the specific products services customers entities and geographic locations unique to the bank. Evaluating the bsaaml risk assessment should be part of scoping and planning the examination and the inclusion of a section on risk assessment in the manual does not mean the two processes are separate. The msb bsaaml self assessment tool is not a substitute for a risk assessment institutions that choose to use this self assessment tool should use it in addition to the fincen bsaaml examination manual for money services businesses1 and corresponding laws and regulations not as a replacement. This template should be modified to fit the unique needs to the financial institution.

The theory supporting risk assessment tools and templates is based on the concept that a clients risk aml profile can be measured by applying data driven and risk based calculations on risk categories identified by financial experts and the regulatory community. Bsaaml risk assessment. Sample bank bsaaml bank risk assessment april 2013 high risk scored as 3 moderate risk scored as 2 low risk scored as 1 rating score comments 1 large and growing customer base in broad and diverse market area andor customer base increased more than 30 over prior year customer base increased more than 15 but no more than 30. Bsaamlofac risk assessment worksheet.

Bsaamlofac risk assessment worksheet updated 01012015. Obligated to performing the self assessment. A bsaamlofac risk assessment template. Bsaaml risk assessment for money services businesses msbs an effective anti money laundering aml program is required to be commensurate with the risks posed by the location and size of and the nature and volume of the financial services provided by the money services business 1.

Firms should also note that they may access all of the guidance finra has provided regarding finra rule 3310 at the anti money laundering main page. Determine whether the bank has included all risk areas including any new products services or customers entities and geographic locations. Assess the bsaaml risk profile of the bank and evaluate the adequacy of the banks bsaaml risk assessment process.