Normal businesses? No problem. But how do you decide whether to serve potential clients that are somewhat “outside the lines”?
AFTER THIS WEBINAR YOU’LL BE ABLE TO DISCUSS:
- 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.
WHO SHOULD ATTEND?
This informative session is directed to management, BSA officers, BSA department staff, and lenders.
- The manual will include aids to assist management and the BSA department in making decisions about whether and when to serve these higher-risk businesses.
- Employee training log
- Interactive quiz
MEET THE PRESENTER
Bill Elliott, CRCM, Young & Associates, Inc.
Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and director of compliance education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.
Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout