BSA Customer Due Diligence and Enhanced Due Diligence Part 1: Building a Customer Due Diligence Questionnaire – CDD and EDD
August 13, 2024 | 10:00 am – 12:00 pm CDT
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.
What You’ll Learn
- 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
August 20, 2024 | 10:00 am – 12:00 pm CDT
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.
What You’ll Learn
- 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
Who Should Attend
BSA Officer, Compliance Officer, Security Officer, Marketing, Training, Branch Administration, and New Accounts.