CDD: Creating an Effective Program from the Frontline to the Backroom

When you think of CDD, you probably go right to the beneficial ownership requirements.  But BSA’s fifth pillar is comprised of four core elements:

These regulatory essentials significantly impact the account opening process, adding additional steps and affecting the due diligence required.  This session will provide effective ways to gather and verify beneficial owner information and present best practices for obtaining information to establish the account’s purpose and anticipated activity.  Acquiring this data is just part of the process.  What is done with the information once you have it?  How do you know when something is outside the “norm”?  What triggers require an update to the information on file?  Join this jam-packed session to learn solutions to the hurdles encountered in meeting the CDD rule requirements.