Thursday, June 4, 2020
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)
The new CDD Chapter of FFIEC outlines the expectation to risk rate customers. "The bank should have an understanding of the money laundering and terrorist financing risk of its customers, referred to in the rule as the customer risk profile”. This concept is referred to as customer risk rating. How do financial institutions effectively risk rate their customers at account opening and throughout the duration of the relationship? What risk rating criteria should be used and what is the best method for performing ongoing due diligence based on this risk rating. Financial institutions will learn how to risk rate high risk customers, what the expectations are for moderate and low risk customers and how to effectively perform ongoing risk reviews.
- Overview of High-Risk Customers
- FFIEC Guidance on Risk Rating
- Most recent changes to guidance on CDD and performing ongoing EDD
- Best business practices for risk rating at account opening and throughout duration of relationship
- Documentation requirements
Who Should Attend?
- BSA Officer and support teams
- Deposit Operations
- Internal Auditors
- Risk Managers
- Compliance Managers
- Senior Management
- This webinar will include a FAQ Frequently Asked Questions document.
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
1.0 CPE Credits & 1.2 AAP Credits