Description: With BSA, the higher the risk, the more due diligence and monitoring that are necessary. Have you identified your high-risk customers and products? Are you conducting enhanced due diligence as required? BSA/AML compliance programs are always a hot button with examiners and are even more important now. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with particular customers or products. This webinar will explain how to identify and assess the risk – low, medium, or high – associated with customers and products. You’ll learn the additional steps to conduct the “enhanced” due diligence required for higher-risk customers and the customer and product due diligence necessary for ongoing monitoring. | |