Establishing BSA Customer Risk Ratings and CDD Guidance: Best Business Practices for 2020

Jim George

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$349


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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.

Description:

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.

Topics include:

·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

Webinar Events
Live -Coming soon!

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment


Recorded video

Recorded video session



Speaker: Jim George,

Jim George is an independent consultant to banks focusing on issues of risk and compliance, AML, and fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance, and Andersen Consulting (now Accenture). He has also been SVP Operations for a major Insurance Company providing insurance outsourcing services to the banking industry. Jims work has included projects in AML and fraud investigation, prevention, identity/KYC issues, and related systems. His background includes work in bank operations and payments strategy, systems, re-engineering, and quality improvement.


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