This webinar will cover customer due diligence (CDD) requirements, the cornerstone of an effective BSA/AML compliance program. This includes customer identification program (CIP) basics, the identification of beneficial owners, developing a customer risk profile, and conducting ongoing monitoring. It will also cover regulatory expectations, industry best practices, and emerging trends to watch for in this area.
What you will learn:
What customer information must be obtained
Required documentary and non-documentary verification