CDD: Creating an Effective Program from the Frontline to the Backroom
On-Demand Webinar
StreamedAug 3, 2022Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
CDD is a crucial aspect of BSA – but there’s much more to the fifth pillar than that!
This informative
program will cover all the aspects, challenges, and requirements. Join us to get the keys to the BSA kingdom
for customer due diligence, beneficial ownership, risk profiles, and monitoring.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Navigate the gray areas of identifying beneficial owners
- Get the information you need without sacrificing the accountholder experience
- Initiate event-triggered account reviews to ensure beneficial ownership and risk profile information is current and conforms to regulatory standards
- Audit your CDD program to prepare for the next exam
- Review the new SSN verification (eCBSV) service to determine if your institution should enroll
- Understand the impact of the AML Act of 2020 on the future of CDD requirements
WEBINAR DETAILS
When
you think of CDD, you probably go right to the beneficial ownership
requirements. But BSA’s fifth pillar is
comprised of four core elements:
- Customer identification and verification
- Beneficial ownership identification and verification
- Development of a customer risk profile
- Ongoing monitoring
These regulatory
essentials significantly impact the account opening process, adding additional
steps and affecting the due diligence required.
This session will provide effective ways to gather and verify beneficial
owner information and present best practices for obtaining information to
establish the account’s purpose and anticipated activity. Acquiring this data is just part of the
process. What is done with the
information once you have it? How do you
know when something is outside the “norm”? What triggers require an update to the information on file? Join this jam-packed session to learn
solutions to the hurdles encountered in meeting the CDD rule requirements.
WHO SHOULD ATTEND?
This informative session will
benefit new accounts staff, branch managers, loan officers, loan processors,
BSA/AML officers, and compliance officers.
TAKE-AWAY TOOLKIT
- Beneficial ownership calculator
- Sample CDD policy language
- Sample accountholder risk profile
- Sample business accountholder questionnaire
- Sample high-risk accountholder review form
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
TESTIMONIALS
"The speaker was pleasant to listen to and gave details well. She didnt drag anything out or make any of the topics too lengthy. She answered questions well and gave supporting information. I also love the tool kits she provided for us to use outside of the training."
-Cadie, Lone Star Capital Bank
Presented By
Brode Consulting Services Inc
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC
