BSA Exam Manual Series: CIP, CDD & High-Risk Customers
The BSA Exam Manual Series is a “soup to nuts” review of the manual. This informative program will spotlight the important BSA compliance rules regarding CIP, CDD, and high-risk customers. You’ll get a thorough briefing on how to handle accountholders and the necessary documentation. This is a good opportunity to discover what the special rules are all about.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Dissect CIP regulations to understand how to identify an accountholder through document and non-document verification
- Use CDD to conduct the new account interview, establish risk, and monitor accounts
- Know what constitutes a high-risk account and how to manage that relationship
- Understand what types of identification are generally acceptable to regulators
- Remember special rules to identify minors, elderly, and religious exceptions
- Employ special rules for online account opening and updating policy and procedures
WEBINAR DETAILS
This webinar will cover the CIP, CDD, and high-risk customers sections of the FFIEC’s BSA/AML Examination Manual line-by-line. It will provide in-depth information on how to know and manage accountholders. Learn how regulators think about risk rating accountholders and move them up and down in risk. A key component to your overall program is to identify and develop a baseline for each accountholder. This component then allows you to adequately monitor and respond to alerts in their behavior.
WHO SHOULD ATTEND?
This informative session is for AML/BSA officers, BSA staff, deposit operations personnel, trainers, compliance professionals, and management.
