BSA And CDD: How To Establish A Customer Risk Ranking

with
Molly Stull
On-Demand
$189.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Financial compliance expert Jim George will show you how to calculate and understand the risk of your customers. You will learn the current CDD requirements.

What You'll Learn

  • Why are accurate customer risk ratings necessary?
  • What compliance requirements must you meet?
  • How should you determine uses and set standards?
  • What initial customer acceptance evaluation should you conduct?
  • How can you update and use risk ratings?
  • What documentation is required?
  • What factors drive risk ratings?
  • What does the latest CDD guidance state?

Training Overview

Are you doing enough customer due diligence? Learn how to go beyond verification to assess risk.

In 2022, FinCEN is looking closely at financial institutions’ compliance with Customer Due Diligence regulations. You must do more than verify customer legal entities and beneficial owners. It is essential to understand the nature and purpose of relationships to develop a customer risk profile. Ongoing monitoring and regular customer information updates will enable you to identify and report suspicious transactions quickly.

  • Why are accurate customer risk ratings necessary?
  • What compliance requirements must you meet?
  • How should you determine uses and set standards?
  • What initial customer acceptance evaluation should you conduct?
  • How can you update and use risk ratings?
  • What documentation is required?
  • What factors drive risk ratings?
  • What does the latest CDD guidance state?

Who Should Attend?

  • Vice presidents
  • Managers
  • Directors
  • Supervisors
  • Compliance officers
  • Internal and external auditors
  • Audit committee members
  • Risk managers
  • Chief risk officers
  • BSA/AML officers
  • BSA analysts
  • BSA investigators

Expert Presenter

Jim George

  • Independent consultant to banks
  • Formerly an Associate partner in IBM Consulting Bank Risk and Compliance practice and in PriceWaterhouse-Coopers Consulting banking practice
  • Completed projects in AML and fraud investigation, AML and fraud prevention, customer identity issues, banking regulatory compliance, and employee fraud
  • Previously a member of a Justice Department Interagency AML Investigation Taskforce in Miami, Florida

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For Teams

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