Daniel P. Stipano to discuss "Mitigating the risks of banking high risk customers" at the American Bankers Association Regulatory Compliance Conference
What is your bank’s protocol on stratifying customer risk and banking “very high” risk clients? Leading BSA experts will provide tools for identifying, monitoring and ongoing due diligence for customers that pose the highest money laundering risk and/or come from high risk jurisdictions. Additionally, our discussion will include key issues surrounding difficult management discussions of “are these customer’s worth the risk?” as well as how to mitigate risks of those you do bank. Don’t worry, we haven’t forgotten about Beneficial Ownership, we’ll wrap up with what’s happening today.