Enhanced Due Diligence & Risk Assessment of ACH Customers

Do your policies, procedures, and processes match the risk associated with each ACH customer? Higher risk means more due diligence. This webinar will teach you how to assess an ACH customer’s risk and describe the extra steps required with enhanced due diligence.

After This Webinar You Will Be Able To:

  • Explain the risks associated with ACH transactions
  • Create a proper customer risk profile and accurately assign risk ratings for ACH customers
  • Distinguish which customers should be deemed higher risk
  • Determine the appropriate due diligence required at account opening and throughout the relationship with the ACH customer
  • Explain when a high-risk customer can be reduced to moderate or low risk
  • Conduct a BSA/AML quantity of risk assessment for your institution regarding ACH customers

Webinar Details
Your institution’s BSA/AML compliance program is always a hot button with examiners, and it is even more important now regarding ACH customers. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with a particular ACH customer. The higher the risk, the greater amount of due diligence and monitoring required. This webinar will explain how your institution can identify and assess the risk — low, medium, or high — associated with your customers using ACH services. In addition, it will explain the additional steps for conducting the “enhanced” due diligence that is required for higher-risk customers, and the ongoing monitoring that is required of all customers using ACH services.

Who Should Attend?
This informative session will benefit all operations department personnel, ACH personnel, compliance staff, BSA and security officers, risk officers, auditors, attorneys, and managers.

Take-Away Toolkit

  • FFIEC’s BSA/AML examination procedures for ACH transactions and quantity of risk matrix
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

Note: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Elizabeth Fast, JD, CPA – Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a master of business administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was general counsel, senior vice president, and corporate secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download


May 25 2022


10:00 am - 11:30 am



More Info