BSA Customer Due Diligence and Enhanced Due Diligence – 2 Part Series
In this 2 part series, we’ll discuss the fifth pillar of BSA – Customer Due Diligence and building a CDD questionnaire, as well as BSA risk issues with opening certain types of customer accounts, including high-risk customers and establishing and changing risk ratings.
Included Webinars
BSA Customer Due Diligence and Enhanced Due Diligence Part 1: Building a Customer Due Diligence Questionnaire – CDD and EDD
BSA Customer Due Diligence and Enhanced Due Diligence Part 2: High Risk Customers – Establishing and Changing Risk Ratings
BSA Customer Due Diligence and Enhanced Due Diligence Part 1: Building a Customer Due Diligence Questionnaire – CDD and EDD
In May 2016, we received the Customer Due Diligence regulations including beneficial ownership. In part 1 of the program we will focus on what has been called the fifth pillar of BSA – Customer Due Diligence and building a CDD questionnaire.
Developing baseline questions
Purpose and source questions
Transactional questions
International questions
Consumer and Entity Accounts
Learn to tie the questions to the monitoring system
Making the new account interview fluid
Completing Customer Identification Programs
Other compliance tasks that must be completed
Using the interview or questionnaire to prevent identity theft
Basic communication skills
Checking OFAC
BSA Customer Due Diligence and Enhanced Due Diligence Part 2: High Risk Customers – Establishing and Changing Risk Ratings
During this program, we will cover the BSA risk issues with opening certain types of customer accounts, including high-risk customers and establishing and changing risk ratings.
Hemp-related questions
Marijuana-related questions
Third-party payment processors
Casinos
Nonresident alien accounts
Politically exposed customers
Cash-intensive businesses
Accounts with international transactions
Money service businesses
Virtual asset service providers
What You’ll Learn
Each webinar in the series will cover specific topics relative to the subject matter.
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