Managing & Monitoring High-Risk Accountholders

High-risk accountholders span a variety of industries, account types, and individual behaviors. Money service businesses, private ATM owners, cannabis-related businesses, and cash-intensive businesses present even more risk to your institution.

This session will address how to mitigate these risks and safely maintain relationships with higher-risk accountholders. It will detail the required policies and procedures you should have in place to identify high-risk accountholders at the time of account opening and conduct appropriate due diligence to ensure a proper understanding of the accountholder’s normal activity. You’ll learn about red flags that should be incorporated into your monitoring process to identify potentially suspicious activity and take appropriate action.