Normal businesses? No problem. But how do you decide whether to serve potential clients that are somewhat “outside the lines”?
- The decision-making process for more unique businesses
- The priority realignment that management and BSA officers must accept
- Marijuana businesses and MRBs (or CRBs)
- CBD oil
- Other higher-risk businesses
You discover a long-time accountholder has changed their business model, and suddenly become a higher BSA risk. You are approached by a new entity whose product mix will potentially impact your BSA operation, but also appears to be someone you should consider as a new accountholder. These scenarios arise more often every day.
It is easy to serve a “normal” business. But what do you do when the potential client is somewhat “outside the lines”? What should be considered within your financial institution? What restrictions/conditions should be placed on such accountholders? Which products will be offered (or not) to these entities? This webinar will address the thought and decision-making processes that BSA staff and management must use to deal with more unique business types.
Bill Elliott, CRCM, Young & Associates, Inc.
Live and recorded webinar, handouts, quiz with answer key and training log are included.