BSA: CIP & CDD

Webinar | Recorded October 1, 2024 | 90-minutes | $199

Originally, you wrote your CIP in 2003. Is it time to change? If you have any of the questions below, we will explore changing your CIP in light of new systems, processes and technology in 2024. Your program should shift with the new technologies and identifications in the market place. This program will look line-by-line at the regulation and point out avenues of change to explore in 2024.

What does it mean to “know” your account holder? When do we have to ask purpose, source and anticipated volume questions? How can we enforce compliance with our program in our institutions? These questions are hard ones and the pending legislation on CDD doesn’t help. This program will evaluate CDD and EDD regulation, exam guidance and provide thoughts on how to proceed with a program that is sales friendly to the account holder. We look at the regulation line-by-line and what to expect with these changes.

Topics Covered 
•Line by line look at the regulation on Customer Identification Programs
•What Information that must be obtained before an account is opened
•Required Documentary and non-documentary verification
•Should we add more types of identification? What types are available?
•Do we keep CIP up to date?
•How should we address online banking?
•Is non-documentary verification enough?
•Can we back off from our CIP of 2003 now that we have more systems in place?
•Examination expectations on Customer Due Diligence
•Keeping customer records up to date
•Anticipating transactions and activities
•Enhanced due diligence on high risk customers
•Developing the questionnaire
•On-going during the relationship
•When should we close a relationship? And how do we close?
•What regulatory concerns do we have?
•Working with sales and not against them
•A look at CDD rules—beneficial owners, controlling person and the form
•Renewals, IOLTAs, Trusts and Multi-tiered business ownership

Who should attend? 
This webinar will benefit BSA Officers, BSA Support personnel, Deposit Operations, Compliance Officer and Training

Seminar Instructor

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation.  Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.

Registration 

The cost to attend this 90-minute webinar $199 for one connection*. *You may have as many listeners as you wish for your ONE connection (ONE computer login). If you would like additional logins for additional locations/computers, please contact our office or note names and email addresses in the comments sections of the registration form. A fee of $75 will be billed for each additional login. Please register the person you wish to receive the log-in and handouts links.

Registration fees include instruction, live interaction with the instructor, any supplements used by the instructor (digital), and a link to the recordings of the class. (You will have unlimited access to the recording for 90 days.)

Cancellation and More Information

Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the meeting. If the date of cancellation is less than ten days prior to the meeting, a $75 processing fee will be retained. No refunds will be given for cancellations made the day of the program. If you need additional information, please call (888) 773-4839.