BSA Industry Risk Ratings
Low
NAICS Codes that begin with 11 - Agriculture, Forestry, Fishing and Hunting
Includes crop production; animal production; forestry and logging; fishing, hunting and trapping; and support
activities for agriculture and forestry.
NAICS Codes that begin with 12 – Mining
Includes coal mining and all other metal ore mining; oil and gas extraction; as well as support activities for mining.
NAICS Codes that begin with 22 – Utilities
Includes all types of electric power generation, transmission and distribution; natural gas distribution; water, sewage
and other systems.
NAICS Codes that begin with 51 – Information
Includes publishing industries; motion picture and sound recording industries; broadcasting; internet publishing and
broadcasting; telecommunications; internet service providers, web search portals, and data processing services; as
well as all other information services.
NAICS Codes that begin with 55 – Management of Companies and Enterprises
Includes offices of bank holding companies; offices of other holding companies; and corporate, subsidiary, and
regional managing offices.
NAICS Codes that begin with 61 – Educational Services
Includes elementary and secondary schools; junior colleges; colleges, universities, and professional schools; technical
and trade schools; and all other schools and instruction. EXCEPTION: Flight training schools are High Risk.
NAICS Codes that begin with 62 – Health Care and Social Assistance
Includes outpatient care centers; medical laboratories; hospitals; residential care facilities; community food and
housing, and emergency and other relief services; as well as child day care services. Exceptions: offices of all
health practitioners are considered Moderate.
Moderate
NAICS Codes that begin with 23 – Construction
Includes all types of building construction; heavy and civil engineering construction; as well as all types of specialty
trade contractors.
NAICS Codes that begin with 31 to 33 – Manufacturing
Includes all types of food manufacturing; textile mills; apparel manufacturing; wood products; paper manufacturing;
printing and related support activities; petroleum and coal products manufacturing; chemical manufacturing; plastics
and rubber products manufacturing; fabricated metal product manufacturing; machinery manufacturing; computer
and electronic product manufacturing; electrical equipment, appliance, and component manufacturing; transportation
equipment manufacturing; as well as furniture and related product manufacturing. EXCEPTION: Machine parts
manufacturers are High Risk.
NAICS Codes that begin with 52 – Finance and Insurance
Includes commodity contracts, and other financial investments and related activities; insurance carriers and related
activities; funds, trusts and other financial vehicles. Exceptions: Money services businesses (MSBs);
pawnshops; deposit/investment brokers; securities broker/dealers; investment advisory and
investment banking services are High Risk.
NAICS Codes that begin with 53 – Real Estate and Rental and Leasing
Includes lessors of real estate property including residential and nonresidential buildings, mini-warehouses and selfstorage units. Offices of real estate agents and brokers, property managers, and appraisers are also included.
Includes all types of rental and leasing services such as vehicles and consumer goods as well as commercial and
industrial machinery and equipment. Exception: real estate brokerage is high risk
BSA Industry Risk Ratings
(continued)
Moderate
NAICS Codes that begin with 54 – Professional, Scientific and Technical Services
Includes legal services; accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering,
and related services; specialized design services; management, scientific, and technical consulting services as well as
advertising and related services. EXCEPTIONS: Lawyers, title insurance companies and accountants
are High Risk.
NAICS Codes beginning with 56 – Administrative/Support/Waste Mgt. & Remediation Services
Includes administrative and support services such as employment services; court reporting and stenotype services;
investigation and security services; locksmiths; exterminating and pest control services; as well as landscaping
services. Also includes waste collection; waste treatment and disposal; septic tank and related services; and materials
recovery facilities. EXCEPTIONS: Travel agencies, auctioneers, and telemarketers are High Risk.
NAICS Codes that begin with 71 – Arts, Entertainment, and Recreation
Includes performing arts, spectator sports, and related industries as well as promoters of those industries; agents and
managers for artists, athletes, entertainers, and other public figures; museums, historical sites, and similar
institutions such as zoos and botanical gardens; amusement and recreation industries such as golf courses and
country clubs; marinas; bowling centers; fitness and recreational sports centers. Exceptions: Casinos; card
clubs and gaming of any kind are High Risk.
NAICS Codes that begin with 72 – Accommodation and Food Services
Includes hotels and motels; bed-and-breakfast inns; recreational and vacation camps and parks; rooming and
boarding houses. Exceptions: Casino hotels, restaurants and drinking places are High Risk.
NAICS Codes that begin with 81 – Other Services (except Public Administration)
Includes all types of repair and maintenance; personal and laundry services; religious, civic, professional and similar
organizations; and private households. Exceptions: Car washes; parking garages; trade union
activities; non-profit; not-for-profit and other charitable organizations are High Risk.
NAICS Codes that begin with 92 – Public Administration
Includes executive, legislative, and other general government support; justice, public order, and safety activities; as
well as the administrative offices of other public programs.
High
NAICS Codes that begin with 42 – Wholesale Trade
Includes merchant wholesalers of all types of durable and nondurable goods.
NAICS Codes that begin with 44 and 45 – Retail Trade
Includes motor vehicle and parts dealers; aircraft, boats and mobile home dealers; furniture and home
furnishings stores; electronics and appliance stores; building material, garden and farm equipment and
supplies dealers; food and beverage stores; health and personal care stores; gasoline stations; sporting
goods, hobby, book and music stores; leather goods; jewel, gem, and precious metal dealers; general
merchandise stores and miscellaneous store retailers. Also includes non-store retailers such as electronic
shopping and mail-order houses; vending machine operators and direct selling establishments.
NAICS Codes that begin with 48 and 49 – Transportation and Warehousing
Includes air, rail, truck, transit and ground passenger transportation; pipeline transportation; scenic and
sightseeing transportation as well as support activities for all types of transportation. Also includes postal
service; couriers and messengers; as well as all types of warehousing and storage.
Prepared By Susan A. deFreese, SVP – Chief Compliance & BSA Officer, Old Southern Bank, Orlando, Florida