TOPIC: High Risk Accounts

CDD for Wealth Management

Employee at a bank ($3.7BUSA)
Does anyone have a CDD or BSA questionnaire specific to their Wealth Management customer and accounts, due to that process being separate from normal bank operations? Potentially not using the same systems for risk scoring that is used on the bank side as well?

    Webinar - 1 CAMS Credit | Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD - Join us Sept 15

    September 15 at 12:30 PM - 01:30 PM EST
    Banking Cannabis-Related Businesses: Marijuana, Hemp and CBD
    Regulatory and Due Diligence Considerations for BSA/AML and Risk Management Programs


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    The burgeoning U.S. cannabis industry is subject to a complex regulatory compliance landscape, with laws differing from coast to coast. As profits flourish, financial institutions are facing significant regulatory uncertainty regarding the risks and rewards of banking Cannabis-Related Businesses (CRBs).

    Join Jim Richards, former BSA Officer at Wells Fargo, Heather Allen, First Vice President and BSA Officer at Peoples Bank, and Corey Lynch, Product Expert at Verafin, as they discuss the intricacies of banking CRBs. From informative industry perspectives to the latest developments, these speakers will keep you informed of the importance of effective procedures for banking CRBs.

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    Verafin will provide attendees with a certificate of attendance for 1 CAMS Credit. Attendees are responsible for submission of the certificate and reporting of credits to ACAMS.

      Demonstration | End-to-End High-Risk Customer Management & CDD/EDD - Join us Sept 2

      September 2 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

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      High-risk customer management is a significant challenge for financial institutions, and conventional Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) approaches often result in process inefficiencies, increased costs, and potential gaps in compliance programs.

      Join our engaging product experts for an in-depth demonstration of Verafin’s end-to-end High-Risk Customer Management solution, including identification and segmentation of high-risk customers, risk stratification, ongoing customer surveillance and EDD workflows.

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