Effective Customer Due Diligence and Suspicious Activity Monitoring (2024-07-31)

This session will delve into the details of the CDD requirements, the common missteps that take place, and how best to utilize due diligence to monitor for suspicious activity and risk rate customers. W202411420A

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Dates of Event & Pricing

$295 for Webinar and Playbacks*

*Playback has no expiration.

Wednesday, July 31, 2024
2:00 – 3:00 pm (Eastern Time)
1:00 – 2:00 pm (Central Time)
12:00 – 1:00 pm (Mountain Time)
11:00 – 12:00 pm (Pacific Time)

Curriculum

Customer Due Diligence (CDD) is a critical pillar in the fight against financial crime. It's the process of identifying and verifying customers, understanding their risk profile, and monitoring their transactions for suspicious activity. In this comprehensive webinar, you'll gain a deep understanding of CDD requirements, best practices, and the latest regulatory developments.

This webinar will guide you through the entire CDD lifecycle, from customer onboarding and risk assessment to ongoing monitoring and enhanced due diligence. You'll learn how to implement effective CDD policies and procedures, leverage technology to streamline processes, and ensure compliance with BSA/AML regulations. We'll also cover common pitfalls to avoid and strategies for addressing emerging threats like human trafficking and cybercrime.

Don't miss this opportunity to become a CDD expert. Join us for this informative webinar and empower your institution to effectively mitigate risk, protect your reputation, and contribute to the global fight against financial crime.

Key Takeaways:

In-Depth CDD Understanding: Gain a comprehensive understanding of CDD requirements and best practices.
Practical Application: Learn how to apply CDD principles to real-world scenarios, ensuring compliance and minimizing risk.
Regulatory Updates: Stay up-to-date on the latest regulatory developments and enforcement trends.
Technology Solutions: Discover how technology can streamline CDD processes and enhance efficiency.
Risk Mitigation Strategies: Learn how to identify, assess, and mitigate risks associated with customer relationships.

Why Bank Employees Should Attend:

Essential for Compliance: CDD is a cornerstone of BSA/AML compliance, and failure to comply can result in significant fines and reputational damage.
Risk Management: Effective CDD is crucial for identifying and mitigating the risk of financial crime, protecting your institution and its customers.
Career Advancement: Demonstrating expertise in CDD can open doors to new career opportunities in compliance, risk management, or financial crime investigations.
Customer Protection: Properly implemented CDD helps protect customers from financial exploitation and fraud.

Instructor

Senior Manager: Disputes, Compliance, Investigations - Scout Scott Rosenbaum

Scott Rosenbaum is a Senior Manager in the Disputes, Compliance, & Investigations group, and is the Southeast Forensic Service Co-Leader. He has over eight years experience as a consultant, investigator, and accountant. He previously worked in KPMG’s Forensic practice and for a private think-tank providing forensic accounting, litigation, and investigation consulting services to clients in a variety of matters. Scott specializes in investigations and also performs work related to fraud risk management, regulatory compliance and monitoring, and dispute advisory/litigation assistance. Scott works closely with external counsel, in-house counsel, corporate boards, management teams, not-for-profit directors, and high net worth individuals in the context of complex commercial litigation, fraud and financial investigations, and business and partnership disputes.

Credits

1.0 CPE Credits & 1.2 AAP Credits