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Course/Product Description
Title:

Alert! Implementing New Customer Due Diligence Rules - Consumers

SKU:WT-1002905
Format: Webinar
Description:

FinCEN dropped new rules on May 11th.

FinCEN believes there are four core elements of customer due diligence (CDD), and that they should be explicit requirements in the anti-money laundering (AML) program for all covered financial institutions, to ensure clarity and consistency across sectors:

  • Customer identification and verification,
  • Beneficial ownership identification and verification,
  • Understanding the nature and purpose of customer relationships to develop a customer risk profile, and
  • Ongoing monitoring for reporting suspicious transactions and, on a risk-basis, maintaining and updating customer information.

It’s time to implement new CDD rules for both consumers and legal entities.

Learn the three elements that apply to consumer accounts. You will receive scripts, monitoring tips and lots of information about managing the consumer process for CDD.

You will have to comply with these rules for both consumer and legal entity accounts. Learn how to address the consumer issues.

Covered Topics:

  • Final Rule and changes
  • Understand what part of regulation applies to consumer accounts
  • How to develop new accounts scripts/risk rating and other tools to comply
  • Risk rating and monitoring your consumer customers
  • What are purpose and source questions?
  • How to incorporate into existing procedures
  • How to develop excel spreadsheets to risk rate your customers
  • Developing alerts and using them for SAR filing
What you will receive:
  • Sample Policy
  • Sample Procedures
  • Script for New account process

Who Should Attend?

BSA Officers, BSA Staff, CIP and Deposit Operations, Branch Personnel, Training, Compliance and anyone who opens consumer accounts

Your Presenter

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 27 years of combined teaching and banking experience.

Licenses / Designations / Educational Credits:CEU
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: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Alert! Implementing New Customer Due Diligence Rules - ConsumersCD/On-Demand$325.00

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