Updating Your CDD Program:
Beneficial Ownership,
Triggering Events & New SSN Verification
(90-minute webinar – recording also available)
Wednesday, May 20, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
Is your CDD program up to snuff? Do you know about triggering events and the new SSN verification? How are customer risk profiles developed? Go beyond just learning to navigate the rules. Sample policy will guide you in updating your CDD program and meeting compliance obligations.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Navigate the gray areas and accurately identify beneficial owners
- Get the information you need without sacrificing the accountholder experience
- Initiate event-triggered account reviews to ensure beneficial ownership and risk profile information is current and conforms to regulatory standards
- Audit your CDD program to prepare for your next exam
- Review the new SSN Verification (eCBSV) service to determine whether to enroll
WEBINAR DETAILS
When you think of CDD, you probably think of the beneficial ownership requirements. BSA’s fifth pillar is comprised of four core elements:
- Customer identification and verification
- Beneficial ownership identification and verification
- Development of a customer risk profile
- Ongoing monitoring
These new regulations significantly changed the account opening process, adding additional steps and due diligence. This session will teach effective ways to gather and verify beneficial owner information, including best practices for establishing the account’s purpose and anticipated activity. But information gathering is just part of the process. What do you do with it? How do you know when something is outside an accountholder’s “norm”? Which triggering events require file updates? Attend this jam-packed session for solutions to navigate the CDD requirements and learn how the new SSN Verification (eCBSV) service can enhance your due diligence and identity theft protection programs.
WHO SHOULD ATTEND?
This informative session is designed for BSA officers, compliance officers, new accounts staff, and branch managers.
TAKE-AWAY TOOLKIT
- Beneficial ownership calculator
- Sample CDD policy language
- Sample accountholder risk profile
- Sample business accountholder questionnaire
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
BSA High-Risk Customers: Identifying, Enhanced Due Diligence & Monitoring
on Wednesday, January 8, 2020
Leveraging BSA Controls for More Effective OFAC Compliance
on Wednesday, May 13, 2020
 MEET THE PRESENTER - Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
THREE REGISTRATION OPTIONS
- LIVE WEBINAR
The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE
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