TOPIC: Due Diligence

Infographic | Managing & Mitigating Risk: Challenges of CDD/EDD for Higher-Risk Customers - Download Now

Infographic
Managing & Mitigating Risk
Challenges of CDD/EDD for Higher-Risk Customers

Download Now

Financial institutions are facing significant Customer and Enhanced Due Diligence (CDD/EDD) challenges for higher-risk categories of customers as outlined in the FFIEC BSA/AML Examination Manual.

This infographic provides an easy-to-understand overview of high-risk customers, including expectations from examiners for risk-based procedures, a visualization of progressive methods of due diligence and suspicious activity reporting, current challenges of conventional CDD/EDD approaches, and how to strengthen compliance with an end-to-end approach to high-risk customer management.

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    Demonstration | BSA/AML Compliance and Management: Uncover Suspicious Activity & Strengthen Compliance - Join us Aug 5

    August 05 at 12:30 PM - 01:30 PM EST
    BSA/AML Compliance and Management
    Uncover Suspicious Activity & Strengthen Compliance

    Register Now

    Today’s landscape of changing regulatory requirements creates enormous pressure for compliance professionals to uncover potential money laundering and stay ahead of suspicious activity. Yet, many financial institutions still rely on legacy systems, broad rules and manual processes to manage daily compliance tasks.

    Join us as we demonstrate how Verafin’s Financial Crime Management platform uses a big data intelligence approach, leveraging artificial intelligence and machine learning to significantly reduce false positives and generate higher quality alerts. You’ll see how Verafin enhances anti-money laundering efforts with complete BSA/AML functionality to strengthen compliance and enhance your ability to detect, investigate and report potentially suspicious activity.

    Highlights of this software demonstration will include:
    • Risk-rated targeted BSA/AML alerts and scenarios
    • High-Risk Customer Management and end-to-end CDD/EDD
    • Alert threshold testing and performance monitoring
    • Integrated financial crime Case Management
    • Automated regulatory reporting of SARs and CTRs
    • 314(b) Information Sharing
    Register Now

      Demo | Beyond Due Diligence: Best Practices for High-Risk Customer Management - Join us July 22

      July 22 at 12:30 PM - 01:30 PM EST
      Beyond Due Diligence: Best Practices for High-Risk Customer Management
      Special Presentation: Rebroadcast of Virtual Tour Session

      Register Now


      CDD/EDD processes are the cornerstone of compliance, and a growing challenge to maintain amid evolving regulations and the COVID-19 crisis. Stay current with Beyond Due Diligence: Best Practices for High-Risk Customer Management — a special rebroadcast of our engaging Virtual Tour event attended by over 2000 financial and compliance professionals this May.

      “Great presentation! I really enjoyed the insights provided by your team of experts as well as the case content, specific examples and cadence it was presented.” — Attendee, 2020 Verafin Virtual Tour

      Join industry and product experts as they discuss the latest innovations and issues in high-risk customer management, including COVID-19-related CDD/EDD challenges, the benefits of intelligent segmentation and stratification, and more.

      Register Now

      Please note that this rebroadcast of the Virtual Tour Session is not CAMS-accredited.

        Demonstration | Beyond Due Diligence: Best Practices for High-Risk Customer Management - Join us July 22

        July 22 at 12:30 PM - 01:30 PM EST
        Beyond Due Diligence: Best Practices for High-Risk Customer Management
        Special Presentation: Rebroadcast of Virtual Tour Session

        Register Now


        CDD/EDD processes are the cornerstone of compliance, and a growing challenge to maintain amid evolving regulations and the COVID-19 crisis. Stay current with Beyond Due Diligence: Best Practices for High-Risk Customer Management — a special rebroadcast of our engaging Virtual Tour event attended by over 2000 financial and compliance professionals this May.

        “Great presentation! I really enjoyed the insights provided by your team of experts as well as the case content, specific examples and cadence it was presented.” — Attendee, 2020 Verafin Virtual Tour

        Join industry and product experts as they discuss the latest innovations and issues in high-risk customer management, including COVID-19-related CDD/EDD challenges, the benefits of intelligent segmentation and stratification, and more.

        Register Now

        Please note that this rebroadcast of the Virtual Tour Session is not CAMS-accredited.

          Hoizon Customer Due Diligence

          Employee at a bank ($402MUSA)
          Looking for information on the Due Diligence options for new accounts in Horizon/ Horizon XE. I see fields for this when creating H360 reports, Can anyone point me to some references, or talk about your experience using this function?

            Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us June 9

            June 09 at 12:30 PM - 01:30 PM EST
            End-to-End High-Risk Customer Management & CDD/EDD
            Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

            Register Now


            How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
             
            Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM owners, MRBs, MSBs, NGOs, and more.

            Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

            Register Now

              Demonstration | BSA/AML Compliance, Fraud Detection & High-Risk Customer Management - Join us May 14

              May 14 at 12:30 PM - 01:30 PM EST
              BSA/AML Compliance, Fraud Detection & High-Risk Customer Management
              A Consolidated Financial Crime Management Platform

              Register Now


              Today’s criminals do not limit their illicit activities to a single financial institution. More and more, multiple institutions are targeted for increasingly complex financial crimes. As these criminals evolve, traditional, siloed approaches to combat crime are largely ineffective.

              The Verafin Financial Crime Management platform includes highly targeted analytical agents that are enriched through big data intelligence with open-source and third-party data, providing cross-institutional analysis and collaborative investigations through the power of the Verafin Cloud. The result? Higher-quality alerts, expedited investigations, and richer, more detailed reporting.

              Highlights of this software demonstration will include:
              • End-to-end High-Risk Customer Management and CDD/EDD
              • Targeted BSA/AML and fraud detection agents
              • Risk-rated alerts enriched with third-party, open-source and cloud data, as well as visual smart evidence and investigation tools
              • Cross-institutional detection and Information Sharing 
              • Complete BSA/AML Compliance and Management with process automation
              Register Now

                BSA Compliance and PPP Lending - Managing Due Diligence with Abrigo | DEMO

                April 29, 20202 p.m. ET / 3 p.m. CT
                Save your seat
                While SBA & PPP lending has increased loans, lenders are still responsible for maintaining BSA/AML compliance. In this session, Abrigo's BSA/AML experts will break down FinCEN's statement related to SBA & PPP lending and explain how to maintain compliance with these loans. Since BSA regulations have not changed in light of COVID-19, it is essential for lenders to correctly capture and document the correct Know Your Customer and Customer Due Diligence. Join this session to see how software can help maintain compliance and ensure your SBA & PPP lending go smoothly. 

                Join to see:
                • How to organize compliance info quickly and easily
                • How automation saves you time and increases efficiency
                • Intuitive and effective software in action
                Register today

                  Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us April 22

                  April 22 at 12:30 PM - 01:30 PM EST
                  End-to-End High-Risk Customer Management & CDD/EDD
                  Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

                  Register Now


                  How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.
                   
                  Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM owners, MRBs, MSBs, NGOs, and more.

                  Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

                  Register Now

                    Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us April 22

                    April 22 at 12:30 PM - 01:30 PM EST
                    End-to-End High-Risk Customer Management & CDD/EDD
                    Segmentation, Stratification, Surveillance & EDD Workflows for High-Risk Customers

                    Register Now


                    How accurate is your institution’s customer risk profile? A one-size-fits-all approach to customer risk can lead to thousands of high-risk customers being flagged for continuous review, increasing your workload.

                    Verafin’s end-to-end solution for High-Risk Customer Management and CDD/EDD helps you effectively manage higher-risk categories of customers, including ATM owners, MRBs, MSBs, NGOs, and more.

                    Join us as we demonstrate how Verafin identifies and categorizes high-risk customers, and stratifies the risk within each category. Through ongoing surveillance, Verafin provides a more accurate picture of your institution’s risk profile to strengthen your end-to-end CDD/EDD program.

                    Register Now