Archived WebinarFinding MSBs: Check Cashers & Money TransmittersOriginally 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... |
Archived WebinarHow 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 challenge... |
Archived WebinarWhy Every Institution Needs Intelligent SegmentationOriginally 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... |
BlogImproving your risk-based CDD with intelligent categorizationApril 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... |
