Today, institutions are facing increased regulatory pressures governing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, particularly regarding high-risk customers.
This eBook discusses the challenges of conventional approaches to managing high-risk customers and highlights four areas of focus to strengthen your CDD/EDD program:
- High-Risk Customer Identification
- Risk Stratification
- EDD Reviews
- High-Risk Customer Surveillance
In this educational resource, you will find helpful tips and learn best practices to better manage and mitigate risks associated with high-risk customers, and strengthen your overall BSA/AML program.