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Examiners should work out caution if evaluating information and facts concerning banks and use their knowledge and insight when executing this Assessment. Especially, examiners must stay clear of comparing the amount of SARs submitted by a lender to Individuals submitted by One more financial institution in the identical geographic locale. Examiners can and should use their familiarity with the threats linked to products and solutions, companies, prospects, entities, and geographic spots to help them establish the bank’s BSA/AML threat profile. Examiners may possibly refer to Appendix J (“Amount of Threat Matrix”) when finishing this evaluation.

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g., when new products and services are introduced, existing products and services modify, larger-possibility clients open and shut accounts, or perhaps the bank expands as a result of mergers and acquisitions). Even within the absence of these alterations, it is a seem helpful hints follow for financial institutions to periodically reassess their BSA/AML hazards at the very least every 12 to 18 months.

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In England, the four examining groups have been consortia of regional GCE and CSE exam boards, though in Wales and Northern Eire they ended up the present boards, earning 6 boards in total:[8]

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