Compliance expert Doug Keipper will highlight the customer due diligence requirements examiners are focusing on today. You will learn the specific steps your institution should take to ensure compliance.
Topics Covered
- Customer Due Diligence
- Enhanced Due Diligence
- Customer Identification Program
- Know Your Customer
- Customer Risk Profile and Rating
- Risk-Based Procedures
- Ongoing Monitoring
- Examination Procedures
- Transaction Testing
- Beneficial Ownership
- Common Violations
- The 5th Pillar of BSA
Training Overview
Be honest—are you ready for examiners? Learn how to comply with heightened expectations.
Examiners are now prioritizing compliance with FinCEN’s final rule on customer due diligence. Although the rule took effect on May 11, 2018, enforcement has increased significantly in 2022.
The customer due diligence process should detail how you risk rate your customers at account opening and throughout their lifespans.
- Customer Due Diligence
- Enhanced Due Diligence
- Customer Identification Program
- Know Your Customer
- Customer Risk Profile and Rating
- Risk-Based Procedures
- Ongoing Monitoring
- Examination Procedures
- Transaction Testing
- Beneficial Ownership
- Common Violations
- The 5th Pillar of BSA
Who Should Attend?
Expert Presenter
Doug Keipper
- Certified Anti-Money Laundering Specialist (CAMS) since 2005
- Bank Secrecy Act Officer for a billion-dollar bank
- Sold BSA software for eight years
- Teaching anti-money laundering classes since 2008
- Has talked with over 500 BSA officers throughout the USA and Caribbean
- Spent over 20 years in retail banking, wholesale mortgages, and financial services
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