---
title: "BSA for Lenders: Risk Assessment"
description: Learn about the importance of Risk Assessment in BSA for Lenders. Discover how to identify and mitigate potential risks in lending activities to prevent money laundering and illegal activity.
---

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# [BSA for Lenders: Risk Assessment](https://blog.bankerscompliance.com/en/bsa-for-lenders-risk-assessment)

 Written by [Kevin Edwards](https://blog.bankerscompliance.com/en/author/kevin-edwards) | Mar 12, 2024 7:22:57 PM

One of the key components of a BSA/AML program is the risk assessment. Every financial institution should take a good look at their products and services and consider how those could potentially be used for money laundering and/or other types of illegal activity. So, in the case of your lending activities, how could someone use a loan to launder money through your bank via a loan? Once the risks are assessed, you can determine what mitigating factors may need to be employed to reduce the risk. For this reason, the risk assessment essentially drives your entire [BSA](https://www.ecfr.gov/current/title-31/subtitle-B/chapter-X)/[AML](https://www.fincen.gov/) program.

Kevin explains more in the video.

 

[View full post](https://blog.bankerscompliance.com/en/bsa-for-lenders-risk-assessment)

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