How To Pass A Customer Due Diligence & Monitoring Exam
TELEPHONE OR WEBCAST SEMINAR

 2:00-3:30 PM Central Time

The cornerstone of a strong BSA/AML compliance program is the adoption and implementation of comprehensive Customer Due Diligence (CDD) policies, procedures, and processes for all customers, particularly those that present a high risk for money laundering and terrorist financing. The objective of CDD procedures should be to enable the bank to predict with relative certainty the types of transactions in which a customer is likely to engage. These procedures assist our 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. Procedures should also include enhanced CDD for high risk customers and ongoing due diligence of the customer base.

These are the requirements from the BSA exam manual.  Your bank will be evaluated on how well you perform in this area. This program is designed to help you move your bank from paper and theory into action.  You will learn how to develop and implement a Customer Due Diligence program.


WHAT YOU WILL LEARN:

• How to write policies and procedures commensurate with the bank's BSA/AML risk profile,   paying particular attention to high-risk customers.
  
  
• How to create a clear statement of management's overall expectations and establish specific    staff responsibilities, including who is responsible for reviewing or approving changes to a    customer's risk rating or profile, as applicable.
  
  
• Ensure that our bank possesses sufficient customer information to implement an effective    suspicious activity monitoring system.
  
  
• Provide guidance for documenting analysis associated with the due diligence process,   including  guidance for resolving issues when insufficient or inaccurate information is obtained.
  
  
• How to ensure the bank maintains current customer information.

WHY SHOULD YOU PARTICIPATE?

This session is a cost-effective way to learn the skills, tools and information necessary to development and implement an effective Customer Due Diligence Program.  You may train as many individuals as you like for one set price.  There will be no travel costs, time lost from work and no one will be required to leave the institution.

WHO SHOULD ATTEND?

This informative session is for all Bank Secrecy Officers, Compliance Officers, Trainers, Branch Administration, Senior Management and frontline personnel who open accounts and maintain customer records.