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Course/Product Description
Title:

BSA: New Customer And Due Diligence Requirements

SKU:WT-1001163
Format: Webinar
Description:

BSA: New Customer And Due Diligence Requirements

The cornerstone of a strong BSA/AML compliance program is the adoption and implementation of comprehensive CDD policies, procedures, and processes for all customers, particularly those that present a higher risk for money laundering and terrorist financing.

The objective of CDD should be to enable the bank to predict with relative certainty the types of transactions in which a customer is likely to engage. These processes assist the bank in determining when transactions are potentially suspicious.

The concept of CDD begins with verifying the customer's identity and assessing the risks associated with that customer. Processes should also include enhanced CDD for higher-risk customers and ongoing due diligence of the customer base. Proposed CDD Regulations require you to identify beneficial ownership.

These new proposed requirements will become a part of your CDD program. Learn how to move from the CDD program you have to the new version. How to change your BSA policy, worksheets and processes to accommodate the new structure and form.

Effective CDD policies, procedures, and processes provide the critical framework that enables the bank to comply with regulatory requirements and to report suspicious activity. Learn how to manage an effective Customer Due Diligence Program.

Covered Topics:

  • Customer Due Diligence Guidance
  • Customer Risk
  • Developing questions and worksheets to understand the customer's business
  • Developing an Enhanced Due Diligence Program
  • Purpose of the account
  • Source of funds and wealth
  • Individuals with ownership or control over the account, such as beneficial owners, signatories, or guarantors
  • Occupation or type of business (of customer or other individuals with ownership or control over the account)
  • Financial statements
  • Banking references
  • Domicile (where the business is organized)
  • Proximity of the customer's residence, place of employment, or place of business to the bank
  • Description of the customer's primary trade area and whether international transactions are expected to be routine
  • Description of the business operations, the anticipated volume of currency and total sales, and a list of major customers and suppliers
  • Explanations for changes in account activity.
Who Should Attend:

BSA Officers, Coordinators, Compliance Officers, and Security Officers will benefit from attending this webinar.

The Presenter:

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank.

She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $295.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
BSA: New Customer And Due Diligence RequirementsCD/On-Demand$295.00

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