Customer / Member Due Diligence (CDD) – ON-DEMAND WEBINARS

Date Recorded: December 2, 2021

Presenter: Mark Dever, AAP, CAMS, Vice President, FORVIS

In addition, this program compliments existing internal education sessions to help meet the annual BSA/AML training requirements for all personnel.This two-hour webinar from FORVIS will provide the compliance, audit, and training staffs in bank, savings associations, and credit unions with an understanding of the program requirements, as well as an understanding of the items needed to ensure successful exam completion.

• Provide an overview of the final rules;
• Review the latest FinCEN guidance and direction on the CDD process;
• Identify the “changes” predicated by the Corporate Transparency Act;
• Discuss the Four Elements, and their major components;
• Highlight “other” anti-money laundering program rule amendments, and the addition of the “Fifth Pillar” to BSA policies;
• Examine the key issues; and
• Allow time for questions from participants.

This Webinar Will:

As we move into the 52nd Anniversary Year of the establishment of BSA, Customer/Member Due Diligence is where the most effort and attention must be applied. Even though the Corporate Transparency Act of 2020 may modify some of the beneficial ownership requirements imposed on banks and credit unions, the other elements of CDD remain critically important. As the current CDD Rules were implemented four years ago, this session will look at lessons learned and the current regulatory focus on CDD.

A two-hour webinar to review the rules, requirements, and nuances covering THE focus of BSA Compliance in the year 2022 – CDD.