Effective Customer Due Diligence and Suspicious Activity Monitoring

Description

The way a financial institution complies with the 5th pillar of BSA/AML compliance, Customer Due Diligence (CDD), has a significant impact on the success of suspicious activity monitoring as well as accurate identification of high-risk customers. This session will delve into the details of the CDD requirements, the common missteps that take place, and how best to utilize due diligence to monitor for suspicious activity and risk rate customers.

Speakers: Scott Rosenbaum, Director, Disputes, Claims & Investigations, Stout

Topics include:

• Customer Due Diligence (CDD) Requirements.
• Identification of high-risk customers.
• Best business practices for performing CDD and monitoring for suspicious activity.

• BSA Officers
• Fraud Teams
• Client Facing Teams
• Deposit Operations/Electronic Banking
• Compliance Officers
• Internal Audit
• Information Security/Technology
• Senior/Executive Management

Topics include:

• Fraud
• Operations