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Feature Sheet

High-Risk Customer Segmentation

Are you banking high-risk customers you don’t know about? Nasdaq Verafin can help you segment customers in high-risk categories, including Politically Exposed Persons (PEPs), Non-Resident... 

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... 

Feature Sheet

Enhanced Due Diligence

Institutions are facing challenges in meeting requirements for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers. Managing the volume of reviews created as a... 

Feature Sheet

Risk Surveillance

Required ongoing surveillance of your high-risk customers can be a challenging, manual process, with unusual activity often uncovered through general AML transaction monitoring. By analyzing... 

Feature Sheet

Risk Stratification

Typical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equal. A local charity,... 

Archived Webinar

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 Nasdaq 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,...