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Course description

Question - What does an attorney have in common with the convenience store where he buys his gas each week?

Or what is the common thread between the local movie theatre and the scarp metal dealer?

Answer - They could all be classified as AML high-risk businesses by their financial institutions. As such, enhanced due diligence (EDD) procedures must be developed and applied to each of these customers. But where do you start????

This session will assist you in answering these questions:

  • How do you identify FI's high-risk customers?
  • What EDD procedures should be applied to a high-risk customer?
  • How does an auditor test the effectiveness of the monitoring of the MSB's activities?

You will receive:

  • Best practice suggestions to improve your FI's EDD procedures
  • Ideas for identifying all high-risk accounts
  • Sample worksheets for documenting monitoring procedures and conclusions


Partner, Cashman Compliance Solutions, LLC

Patricia Cashman

Patricia Cashman is a partner in Cashman Compliance Solutions, LLC. She is responsible for consumer compliance reviews, Bank Secrecy Act (BSA) and Anti-Money Laundering reviews, and compliance and BSA training. Patricia began her banking career in 1969. She has been the senior operations officer for three Dallas-Ft. Worth area community banks, an assistant examiner for the Texas Department of Banking and managed the compliance/internal audit division of TIB - The Independent BankersBank, one of the largest bankers' banks in the country. Additionally, Patricia has spoken as a webcast/teleconference presenter for the American Bankers Association (ABA), BankersOnline (BOL) and the Center for Financial Training (CFT), taught a variety of compliance subjects for the Texas Bankers Association (TBA) and ABA at their respective Compliance Schools. She also serves as a BOL GURU and been a speaker/trainer for numerous banks and compliance organizations.

Course curriculum

  • 1


    • AML - Monitoring Those High-Risk Customers

  • 2


    • Materials

    • Slides

    • Initial Business Deposit Account Risk Rating

    • High Risk Monitoring Form

    • MSB BSA AML Customer Site Review

    • Questions and Answers