Event: DemoEnd-to-End High-Risk Customer Management & CDD/EDDOctober 28 at 12:30 PM - 01:30 PM ESTHigh-risk customer management is a significant challenge, as financial institutions must balance the needs of their business and customers with heightened regulatory expectations for customers in high-risk categories. These challenges... |
PageEnd-to-End High-Risk Customer Management & CDD/EDDHow effective is your bank’s high-risk customer management program? From identification to assessment, to continuous review and monitoring — current approaches for CDD/EDD for high-risk customers in mid-sized banks often... |
Feature SheetHigh-Risk Customer SegmentationAre you banking high-risk customers you don’t know about? Verafin can help you segment customers in high-risk categories, including Politically Exposed Persons (PEPs), Non-Resident Aliens (NRAs), Money Services Businesses (MSBs),... |
Feature SheetEnhanced Due DiligenceInstitutions 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 result of generic risk models,... |
Feature SheetRisk SurveillanceRequired 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 all customers for risk factors,... |
Feature SheetRisk StratificationTypical risk systems use generic models that result in large volumes of high-risk customers. But not all high-risk customers are created equally. A local charity, for example, may not present... |
Archived WebinarLearning from Fraud Detection: Segmenting AML to Fight Financial CrimeOriginally Presented: October 11, 2018 Why do we think about AML as a single idea, when fraud is segmented specifically by customer, channel or loss type? In this insightful session, Jim Richards and Brendan... |
Archived WebinarNew FFIEC Exam Procedures for Customer Due DiligenceOriginally 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 updates detail how financial institutions... |
BlogKey Takeaways from FFIEC Updated CDD Examination ProceduresJune 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... |
Archived WebinarIdentifying NGOs or Charities to Better Assess RiskOriginally 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 abuse by money launderers and... |
