Managing & Monitoring High-Risk Accountholders

Compliance Frontline & New Accounts Information Technology Operations Security & Fraud Deposit Account Compliance Bank Secrecy Act (BSA)IT & Cybersecurity

On-Demand Webinar

StreamedAug 15, 2024Duration90 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

See Registration Options

High-risk accountholders come in all shapes and sizes – and industries.

This can make it difficult to identify activities outside the norm. The risks can increase if you have not properly identified the consumer, business, or source of deposited funds, or appropriately monitored the account for changes in activity. Attend this thorough webinar to learn more about managing and monitoring high-risk accountholders – and the risks involved.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define high-risk accountholders in your policies and procedures
Develop adequate internal controls to protect your institution from money laundering and fraud
Use provided tools and resources to develop a comprehensive due diligence process at account opening
Establish monitoring procedures to identify potentially suspicious activity
File accurate SARs for emerging areas of fraud

WEBINAR DETAILS

High-risk accountholders span a variety of industries, account types, and individual behaviors. Money service businesses, private ATM owners, cannabis-related businesses, and cash-intensive businesses present even more risk to your institution.

This session will address how to mitigate these risks and safely maintain relationships with higher-risk accountholders. It will detail the required policies and procedures you should have in place to identify high-risk accountholders at the time of account opening and conduct appropriate due diligence to ensure a proper understanding of the accountholder’s normal activity. You’ll learn about red flags that should be incorporated into your monitoring process to identify potentially suspicious activity and take appropriate action.

WHO SHOULD ATTEND?

This informative session will benefit new accounts representatives, loan officers, branch managers, BSA/AML officers, and compliance officers.

TAKE-AWAY TOOLKIT

New account due diligence form
Business account questionnaire
FinCEN advisory tracker
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 institution is prohibited. Print materials may be copied for eligible participants only.