High-Risk Accounts and Suspicious Activity Reporting Best Practices

Financial institutions face growing regulatory scrutiny when managing high-risk customers. This session explores how to identify these customers, apply effective Enhanced Due Diligence (EDD), and ensure proper monitoring and documentation. 

Attendees will leave equipped with actionable best practices to enhance compliance efforts, reduce risk, and strengthen their institution’s overall anti-money laundering (AML) framework. 

Learning Objectives:

• Identify types of high-risk customers.
• Apply proper EDD procedures.
• Monitor and document high-risk activity.
• Detect other suspicious activity.
• Follow SAR decisioning and reporting best practices.

Duration: 60 minutes

Who Should Attend: Frontline Staff, Deposit Operations Personnel, Compliance and BSA Personnel, Security Officer, Risk Management Officer

Instructor(s): Kristen Ritter, SVP/Assistant Director of Compliance Consulting, TIB Consulting Solutions)

Recorded: May 21, 2025.