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  •   High-Risk Customer Management

  Archived Webinar

New FFIEC Exam Procedures for Customer Due Diligence

Originally Presented: June 26, 2018

On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These... 

  Blog

Key Takeaways from FFIEC Updated CDD Examination Procedures

June 12, 2018 by Verafin

On May 11, 2018, the FFIEC released new Customer Due Diligence (CDD) Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule. These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the... 

  Archived Webinar

Identifying NGOs or Charities to Better Assess Risk

Originally Presented: May 29, 2018

As the FFIEC BSA Exam Manual states “the flow of funds both into and out of the NGO can be complex, making them susceptible to... 

  Archived Webinar

Are you banking Marijuana-Related Businesses?

Originally Presented: May 22, 2018

FinCEN’s 2014 guidance outlines BSA obligations including SAR filing requirements for banking Marijuana-Related Businesses (MRBs). Whether or not your institution chooses to bank these businesses,... 

  Archived Webinar

Finding MSBs: Check Cashers & Money Transmitters

Originally Presented: May 15, 2018

Despite having robust account opening procedures, it is likely that your financial institution has unidentified Money Service Businesses. After onboarding, your customers may expand their... 

  Feature Sheet

High-Risk Customer Management

Financial institutions are under increased regulatory pressure to complete Customer Due Diligence and Enhanced Due Diligence (CDD/EDD), particularly regarding the identification, risk scoring and surveillance... 

  Archived Webinar

How many of your customers own ATMs?

Originally Presented: May 1, 2018

  As outlined in the FFIEC BSA Exam Manual “privately owned ATMs are particularly susceptible to money laundering and fraud.” Identifying ATMs can be a... 

  Archived Webinar

Why Every Institution Needs Intelligent Segmentation

Originally Presented: April 24, 2018

Despite the best efforts of diligent compliance teams like yours, who have to rely on manual reports and processes, it is hard to know if... 

  Blog

Improving your risk-based CDD with intelligent categorization

April 17, 2018 by Verafin

2018 updates to Customer Due Diligence requirements have increased regulatory emphasis on how BSA/AML departments must conduct ongoing customer due diligence. The FFIEC BSA/AML Examination Manual states that AML programs, at a minimum, are required to implement: appropriate risk-based procedures... 

  Blog

Optimizing high-risk customer management and ongoing due diligence

March 20, 2018 by Verafin

An already challenging BSA/AML compliance risk environment continues to grow in complexity, as financial institutions seek to meet requirements for due diligence on higher-risk categories of customers. Without question, risk management is at the forefront of today’s regulatory scrutiny. In...