Enhanced Due Diligence & Risk Assessment of ACH Customers

Your institution’s BSA/AML compliance program is always a hot button with examiners, and it is even more important now regarding ACH customers. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with a particular ACH customer. The higher the risk, the greater amount of due diligence and monitoring required. This webinar will explain how your institution can identify and assess the risk – low, medium, or high – associated with accountholders using ACH services. In addition, it will explain the additional steps for conducting the “enhanced” due diligence that is required for higher-risk accountholders, and the ongoing monitoring that is required of all customers using ACH services.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.