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BSA Customer Due Diligence and Enhanced Due Diligence – 2 Part Webinar

August 13, 2024 10:00 am - 12:00 pm
August 20, 2024 10:00 am - 12:00 pm
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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.