TOPIC: Exam Prep

Last Chance - Free December Webinar: Tracking Exam and Audit Findings

You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

  • The dangers of only using Excel spreadsheets to manage findings
  • Best practices for policies and procedures to avoid findings in the first place
  • How to track to guarantee complete remediation of findings
  • The benefits of testing your remediation to ensure changes take effect
  • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

Register Today!

    Free December Webinar! Tracking Exam and Audit Findings

    You are invited to our December webinar discussing best practices for tracking and avoiding exam and audit findings. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

    Standard compliance protocols are set to ensure that processes are followed by management and employees, internal audit, external audit, and government review. In spite of those checks and balances, examiners and auditors uncover deficiencies in your processes, and it falls to your team to resolve them. These issues can be the proverbial ‘hot potato’ on who takes the necessary action on the findings. It’s common for the findings to revolve around third-party risk, business continuity issues, and compliance areas. This webinar will address:

    • The dangers of only using Excel spreadsheets to manage findings
    • Best practices for policies and procedures to avoid findings in the first place
    • How to track to guarantee complete remediation of findings
    • The benefits of testing your remediation to ensure changes take effect
    • Best practices of vendor management, business continuity planning, and compliance to help your financial institution avoid findings

    Register Today!

      Finding Renewed Purpose in the Bank Secrecy Act

      Blog Series - 50 Years of the BSA - Part 1
      Finding Renewed Purpose in the Bank Secrecy Act
      November 7, 2018 by Jim Richards

      In Part 1 of this 3-blog series, Jim Richards, former Global Head of Financial Crimes Risk Management at Wells Fargo & Co., provides his commentary on Finding Renewed Purpose in the Bank Secrecy Act. He examines the influences that have forged its history and discusses how the Act’s purpose might appear to have become lost over the course of an almost-50-year evolution.

      Richards explores FinCEN’s role in the BSA, and how regulatory expectations as outlined in the FFIEC’s BSA/AML Examination Manual, have changed the compliance and risk management landscape over time. He goes on to suggest that an increased focus on the nuts and bolts of compliance programs has resulted in an increased divergence between regulatory mandates and the stated purpose of the Act.

      In this insightful commentary, Richards’ suggests subtle changes to the Manual’s language that could strengthen and refocus the intended purpose of the BSA — providing actionable intelligence to law enforcement.

      Read the full blog now: https://verafin.com/2018/11/finding-renewed-purpose-bank-secrecy-act/?src=CBANC

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        White Paper | 50 Years of the Bank Secrecy Act

        It’s Time to Renew the Purpose of Providing Actionable Intelligence to Law Enforcement

        To recognize almost 50 years of the Bank Secrecy Act (BSA), thought leader and industry expert, Jim Richards, has produced this thoughtful and insightful whitepaper.

        In it, Richards reflects on the circumstances surrounding the birth of the BSA as the Foreign Bank Secrecy Act of 1970, charting its history through various updates and iterations, and exploring how world events, changing technologies, and the fluctuating social and economic climates have informed its evolution through the years. Richards speaks to the purpose of the Act, the difficult times surrounding the 2008 financial crisis and the years that followed, and how the last couple of years have seen a change of intention and approach in the financial crimes risk management industry.

        Finally, Richards suggests a subtle but important change to the language of the BSA/AML Manual, centred around “providing timely and actionable intelligence to law enforcement” in order to lead the industry forward into what he calls “an exciting and dynamic time”.

        Download now: https://verafin.com/resource/50-years-bank-secrecy-act/?src=CBANC

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          FDIC Large Institution First Day Letter

          Person at a bank ($1.4BUSA)

          Hello! I am seeking assistance in obtaining a copy of a cleansed first day letter, perhaps for a first time examination, for a CRA Exam of a large institution. We were most recently examined as a small/intermediary bank and would like to compare the request letters so to be able to prepare for the exam as best as possible in advance. Thank you in advance for any and all support!

            Demo | Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual

            Benefits of Automating your CDD Process with Verafin
            September 05 at 12:30 PM - 01:30 PM EST

            A critical first step to prepare for your next exam is assessing your current CDD processes — whether they are manual or automated — to ensure that they align with the exam requirements for collecting customer information at account opening, risk profiling, high-risk customer management, and ongoing transaction monitoring.

            Has your institution considered the benefits of completely automating your end-to-end CDD process by using software? Verafin allows you to understand your customer’s risk at every aspect of their lifecycle to provide an accurate picture of your institution’s risk profile — while ensuring complete compliance with the FFIEC CDD requirements.

            Join us as we demonstrate how Verafin’s AML approach aligns with CDD requirements as outlined in the FFIEC Exam Manual and is the optimal solution for end-to-end due diligence to help you meet examiner expectations for CDD/EDD and ongoing monitoring of higher-risk customers.

            Highlights of this product demonstration will include:

            • Review of FFIEC CDD Exam procedures for Customer Due Diligence, Customer Risk Profile, and Customer Information – Risk-based Procedures, including Higher Risk Profile Customers, Ongoing Monitoring of Customer Relationships
            • Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual for Customer Due Diligence including:
            • Account Opening Questionnaire to collect information to uncover high-risk categories of customers and establish baseline activity for ongoing monitoring.
            • Identification of Risk Factors from integrated AOQ, open-source data enrichment, and targeted analytics to find higher risk customers you are not able to identify.
            • Configurable Risk Models that allow for appropriate assessment based on your institution’s risk appetite, and intelligent segmentation that categorizes and stratifies customer risk profiles for more accurate institutional risk profile.
            • Targeted Transaction Monitoring for High-Risk Categories to help identify activity that may pose a greater risk to your institution, and customer’s that may require enhanced due diligence.
            • EDD workflow to help alleviate the challenges of maintaining and updating information throughout the lifecycle of a customer.

            Register now: https://verafin.com/event/benefits-automating-cdd-process-verafin-2/?src=CBANC

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              Demo | Benefits of Automating your CDD Process with Verafin

              End-to-End CDD/EDD, Customer Risk Profiling, High-Risk Customer Management & Ongoing Monitoring
              September 05 at 12:30 PM - 01:30 PM EST

              A critical first step to prepare for your next exam is assessing your current CDD processes — whether they are manual or automated — to ensure that they align with the exam requirements for collecting customer information at account opening, risk profiling, high-risk customer management, and ongoing transaction monitoring.

              Has your institution considered the benefits of completely automating your end-to-end CDD process by using software? Verafin allows you to understand your customer’s risk at every aspect of their lifecycle to provide an accurate picture of your institution’s risk profile — while ensuring complete compliance with the FFIEC CDD requirements.

              Join us as we demonstrate how Verafin’s AML approach aligns with CDD requirements as outlined in the FFIEC Exam Manual and is the optimal solution for end-to-end due diligence to help you meet examiner expectations for CDD/EDD and ongoing monitoring of higher-risk customers.

              Highlights of this product demonstration will include:

              • Review of FFIEC CDD Exam procedures for Customer Due Diligence, Customer Risk Profile, and Customer Information – Risk-based Procedures, including Higher Risk Profile Customers, Ongoing Monitoring of Customer Relationships
              • Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual for Customer Due Diligence including:
              • Account Opening Questionnaire to collect information to uncover high-risk categories of customers and establish baseline activity for ongoing monitoring.
              • Identification of Risk Factors from integrated AOQ, open-source data enrichment, and targeted analytics to find higher risk customers you are not able to identify.
              • Configurable Risk Models that allow for appropriate assessment based on your institution’s risk appetite, and intelligent segmentation that categorizes and stratifies customer risk profiles for more accurate institutional risk profile.
              • Targeted Transaction Monitoring for High-Risk Categories to help identify activity that may pose a greater risk to your institution, and customer’s that may require enhanced due diligence.
              • EDD workflow to help alleviate the challenges of maintaining and updating information throughout the lifecycle of a customer.

              Register now: https://verafin.com/event/benefits-automating-cdd-process-verafin-2/?src=CBANC

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                Free Webinar: Tips To Improve Your CDD/EDD Program

                Tuesday, August 28th - 1:00 PM CT

                Now that the new Beneficial Ownership and Customer Due Diligence changes have gone into effect, are you confident in your CDD/EDD program or are you feeling the pressure of falling behind on your reviews? In this webinar learn how the Banker’s Toolbox Professional Services team of CAMS-certified consultants can help you improve your CDD/EDD program and help your organization become more efficient with ongoing due diligence. Let us be your partner in success and help you tackle the work required to comply with regulatory guidelines and keep up-to-date on industry trends.

                Key learning objectives:

                • Understand the importance of keeping up with due diligence reviews in order to comply with regulatory guidelines
                • Learn how Banker’s Toolbox Professional Services Team can help you and your institution enhance your CDD/EDD program
                • Explore examples of how our experts have helped financial institutions to become more efficient with their due diligence reviews and improve their BSA program

                Register here.

                  Webinar | Key Considerations for your BSA/AML Compliance Program

                  New FFIEC Exam Procedures for Customer Due Diligence
                  August 29 at 12:30 PM - 01:30 PM EST

                  On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule.

                  These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the nature and purpose of their customer relationships. By following this risk-based approach, institutions develop and maintain an accurate customer risk profile with an increased focus on higher-risk customers and incorporate ongoing monitoring for enhanced due diligence and suspicious activity monitoring.

                  Join us for this educational webinar, as we discuss the updated FFIEC Exam Procedures for Customer Due Diligence and outline key considerations for your BSA/AML Program as you prepare for your next examination.

                  Highlights of this educational webinar will include:

                  • Discussion on the challenges of meeting regulatory expectations for CDD with a focus on higher risk customers.
                  • Overview of CDD Requirements according to the FFIEC Exam Manual:
                  • Customer Due Diligence including the impact of the new CDD Rule, Ultimate Beneficial Ownership, and Guidance on CDD
                  • Customer Risk Profile including the importance of proper identification and assessment of risk
                  • Customer Information – Risk-based Procedures including Higher Risk Profile Customers and Ongoing Monitoring of Customer Relationships
                  • Enhanced Due Diligence for Higher Risk Customers including the spectrum of risk within categories of customers and risk mitigation through ongoing monitoring.
                  • Key considerations for your BSA/AML program in preparation for your next examination.

                  Register now: https://verafin.com/event/new-ffiec-exam-procedures-customer-due-diligence-2/?src=CBANC

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                    Compliance Emergency Room: Tracking Exam and Audit Findings

                    Good morning, Bankers. Today we are discussing compliance programs within financial institutions. This post originally appeared on the Ncontracts blog.

                    Compliance Emergency Room

                    Tracking Exam and Audit Findings

                    But what happens when a bank’s compliance program has an emergency? Too often, it doesn’t get the attention it needs, and the consequences can be dire...

                    READ THE FULL ARTICLE: Download the attached PDF

                      Free Webinar: Tips To Improve Your CDD/EDD Program

                      Tuesday, August 28th - 1:00 PM CT

                      Now that the new Beneficial Ownership and Customer Due Diligence changes have gone into effect, are you confident in your CDD/EDD program or are you feeling the pressure of falling behind on your reviews? In this webinar learn how the Banker’s Toolbox Professional Services team of CAMS-certified consultants can help you improve your CDD/EDD program and help your organization become more efficient with ongoing due diligence. Let us be your partner in success and help you tackle the work required to comply with regulatory guidelines and keep up-to-date on industry trends.

                      Key learning objectives:

                      • Understand the importance of keeping up with due diligence reviews in order to comply with regulatory guidelines
                      • Learn how Banker’s Toolbox Professional Services Team can help you and your institution enhance your CDD/EDD program
                      • Explore examples of how our experts have helped financial institutions to become more efficient with their due diligence reviews and improve their BSA program

                      Register here.

                        Webinar Series On Demand | Intelligent Segmentation: A New Approach to Identify, Monitor & Manage High-Risk Customers.

                        Special BSA/AML Webinar Series

                        Every financial institution is under regulatory pressure to identify, monitor and manage high-risk customer types, such as Privately-Owned ATMs, MSBs, MRBs and NGOs and more, as outlined in the FFIEC BSA Exam Manual.

                        In this webinar series, we will explore the challenges of identifying, monitoring and reviewing high-risk customers and discuss the risk factors of each group. Learn how Verafin’s end-to-end approach to Intelligent Segmentation eliminates manual processes, reduces costs and strengthens compliance with identification, risk scoring and targeted monitoring tailored specifically for each high-risk customer category.

                        Watch now: https://verafin.com/bsa-aml-webinar-series/?src=CBANC

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                          DEMO - July 10 | Benefits of Automating your CDD Process

                          End-to-End CDD/EDD, Customer Risk Profiling, High-Risk Customer Management & Ongoing Monitoring

                          July 10 - 12:30PM EST

                          A critical first step to prepare for your next exam is assessing your current CDD processes — whether they are manual or automated — to ensure that they align with the exam requirements for collecting customer information at account opening, risk profiling, high-risk customer management, and ongoing transaction monitoring.

                          Has your institution considered the benefits of completely automating your end-to-end CDD process by using software? Verafin allows you to understand your customer’s risk at every aspect of their lifecycle to provide an accurate picture of your institution’s risk profile — while ensuring complete compliance with the FFIEC CDD requirements.

                          Join us on July 10 as we demonstrate how Verafin’s AML approach aligns with CDD requirements as outlined in the FFIEC Exam Manual and is the optimal solution for end-to-end due diligence to help you meet examiner expectations for CDD/EDD and ongoing monitoring of higher-risk customers.

                          Highlights of this product demonstration will include:

                          Review of FFIEC CDD Exam procedures for Customer Due Diligence, Customer Risk Profile, and Customer Information – Risk-based Procedures, including Higher Risk Profile Customers, Ongoing Monitoring of Customer Relationships

                          Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual for Customer Due Diligence including:

                          • Account Opening Questionnaire to collection information to uncover high-risk categories of customers and establish baseline activity for ongoing monitoring.
                          • Identification of Risk Factors from integrated AOQ, open-source data enrichment, and targeted analytics to find higher risk customers you are not able to identify.
                          • Configurable Risk Models allows for appropriate assessment based on your institution’s risk appetite, and intelligent segmentation categorizes and stratifies customer risk profiles for more accurate institutional risk profile.
                          • Targeted Transaction Monitoring for High-Risk Categories to help identify activity that may poses a greater risk to your institution and customer’s that may require enhanced due diligence.
                          • EDD workflow to help alleviate the challenges of maintaining and updating information throughout the lifecycle of a customer.

                          Register now on verafin.com: https://verafin.com/event/benefits-automating-cdd-process-verafin/?src=cbanc

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                            [DEMO - July 10] Benefits of Automating your CDD Process

                            End-to-End CDD/EDD, Customer Risk Profiling, High-Risk Customer Management & Ongoing Monitoring

                            July 10 - 12:30PM EST

                            A critical first step to prepare for your next exam is assessing your current CDD processes — whether they are manual or automated — to ensure that they align with the exam requirements for collecting customer information at account opening, risk profiling, high-risk customer management, and ongoing transaction monitoring.

                            Has your institution considered the benefits of completely automating your end-to-end CDD process by using software? Verafin allows you to understand your customer’s risk at every aspect of their lifecycle to provide an accurate picture of your institution’s risk profile — while ensuring complete compliance with the FFIEC CDD requirements.

                            Join us on July 10 as we demonstrate how Verafin’s AML approach aligns with CDD requirements as outlined in the FFIEC Exam Manual and is the optimal solution for end-to-end due diligence to help you meet examiner expectations for CDD/EDD and ongoing monitoring of higher-risk customers.

                            Highlights of this product demonstration will include:

                            Review of FFIEC CDD Exam procedures for Customer Due Diligence, Customer Risk Profile, and Customer Information – Risk-based Procedures, including Higher Risk Profile Customers, Ongoing Monitoring of Customer Relationships

                            Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual for Customer Due Diligence including:

                            • **Account Opening Questionnaire **to collection information to uncover high-risk categories of customers and establish baseline activity for ongoing monitoring.
                            • Identification of Risk Factors from integrated AOQ, open-source data enrichment, and targeted analytics to find higher risk customers you are not able to identify.
                            • **Configurable Risk Models **allows for appropriate assessment based on your institution’s risk appetite, and intelligent segmentation categorizes and stratifies customer risk profiles for more accurate institutional risk profile.
                            • Targeted Transaction Monitoring for High-Risk Categories to help identify activity that may poses a greater risk to your institution and customer’s that may require enhanced due diligence.
                            • EDD workflow to help alleviate the challenges of maintaining and updating information throughout the lifecycle of a customer.

                            Register now on verafin.com: https://verafin.com/event/benefits-automating-cdd-process-verafin/?src=cbanc

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                              Job Aid | Preparing for a Successful Exam Checklist

                              What to do before, during, and after the exam.

                              Cramming for any exam is no fun. Nobody wants (or needs) that last minute pressure! Certainly not when examiners are coming onsite in a few weeks.

                              The best way to ensure a successful exam is to be prepared.

                              We’ve created this exam checklist to streamline the exam prep process for you. Download now to:

                              • Know what will be covered on your exam
                              • Plan for the upcoming examiner visit
                              • Review and organize your compliance materials/documents

                              Download now: https://verafin.com/resource/preparing-for-a-successful-exam/?src=CBANC

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                                Demo - 1 CAMS Credit | Key considerations for your BSA/AML Program as you prepare for your next exam

                                New FFIEC Exam Procedures for Customer Due Diligence

                                June 26 at 12:30 PM - 01:30 PM EST
                                1 CAMS CREDIT

                                On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule.

                                These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the nature and purpose of their customer relationships. By following this risk-based approach, institutions develop and maintain an accurate customer risk profile with an increased focus on higher-risk customers and incorporate ongoing monitoring for enhanced due diligence and suspicious activity monitoring.

                                Join us on June 26 for this CAMS-accredited webinar, as we discuss the updated FFIEC Exam Procedures for Customer Due Diligence and outline key considerations for your BSA/AML Program as you prepare for your next examination.

                                Highlights of this educational webinar will include:

                                • Discussion on the challenges of meeting regulatory expectations for CDD with a focus on higher risk customers.
                                • Overview of CDD Requirements according to the FFIEC Exam Manual:
                                • Customer Due Diligence including the impact of the new CDD Rule, Ultimate Beneficial Ownership, and Guidance on CDD
                                • Customer Risk Profile including the importance of proper identification and assessment of risk
                                • Customer Information – Risk-based Procedures including Higher Risk Profile Customers and Ongoing Monitoring of Customer Relationships
                                • Enhanced Due Diligence for Higher Risk Customers including the spectrum of risk within categories of customers and risk mitigation through ongoing monitoring.
                                • Key considerations for your BSA/AML program in preparation for your next examination.

                                Register now: https://verafin.com/event/new-ffiec-exam-procedures-customer-due-diligence/?src=CBANC

                                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.

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                                  Demo | Benefits of Automating your CDD Process with Verafin

                                  End-to-End CDD/EDD, Customer Risk Profiling, High-Risk Customer Management & Ongoing Monitoring

                                  July 10 at 12:30 PM - 01:30 PM EST

                                  A critical first step to prepare for your next exam is assessing your current CDD processes — whether they are manual or automated — to ensure that they align with the exam requirements for collecting customer information at account opening, risk profiling, high-risk customer management, and ongoing transaction monitoring.

                                  Has your institution considered the benefits of completely automating your end-to-end CDD process by using software? Verafin allows you to understand your customer’s risk at every aspect of their lifecycle to provide an accurate picture of your institution’s risk profile — while ensuring complete compliance with the FFIEC CDD requirements.

                                  Join us on July 10 as we demonstrate how Verafin’s AML approach aligns with CDD requirements as outlined in the FFIEC Exam Manual and is the optimal solution for end-to-end due diligence to help you meet examiner expectations for CDD/EDD and ongoing monitoring of higher-risk customers.

                                  Highlights of this product demonstration will include:

                                  • Review of FFIEC CDD Exam procedures for Customer Due Diligence, Customer Risk Profile, and Customer Information – Risk-based Procedures, including Higher Risk Profile Customers, Ongoing Monitoring of Customer Relationships
                                  • Overview of Verafin’s risk-based AML approach that aligns with the FFIEC Exam Manual for Customer Due Diligence including:
                                  • Account Opening Questionnaire to collection information to uncover high-risk categories of customers and establish baseline activity for ongoing monitoring.
                                  • Identification of Risk Factors from integrated AOQ, open-source data enrichment, and targeted analytics to find higher risk customers you are not able to identify.
                                  • Configurable Risk Models allows for appropriate assessment based on your institution’s risk appetite, and intelligent segmentation categorizes and stratifies customer risk profiles for more accurate institutional risk profile.
                                  • Targeted Transaction Monitoring for High-Risk Categories to help identify activity that may poses a greater risk to your institution and customer’s that may require enhanced due diligence.
                                  • EDD workflow to help alleviate the challenges of maintaining and updating information throughout the lifecycle of a customer.

                                  Register now: https://verafin.com/event/benefits-automating-cdd-process-verafin/?src=CBANC

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                                    New Blog | Key Takeaways from FFIEC Updated CDD Examination Procedures

                                    On May 11, 2018, the FFIEC released new Customer Due Diligence (CDD) Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule.

                                    These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the nature and purpose of their customer relationships, in addition to “[c]onducting ongoing monitoring to identify and report suspicious transactions and, on a risk basis, to maintain and update customer information”.

                                    Check out our latest blog post that takes a closer look at some of the key areas in the updated examination procedures and the FFIEC’s emphasis on the importance of establishing a risk-based approach to CDD/EDD.

                                    Read the full blog: https://verafin.com/2018/06/key-takeaways-from-ffiec-updated-cdd-examination-procedures/?src=CBANC

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                                      Webinar - 1 CAMS | New FFIEC Exam Procedures for Customer Due Diligence.

                                      Key Considerations for your BSA/AML Compliance Program

                                      June 26 at 12:30 PM - 01:30 PM EST

                                      On May 11, 2018, the FFIEC released new Customer Due Diligence Examination procedures that reflect and codify the requirements of FinCEN’s final CDD rule.

                                      These updates detail how financial institutions must establish appropriate risk-based CDD procedures to understand the nature and purpose of their customer relationships. By following this risk-based approach, institutions develop and maintain an accurate customer risk profile with an increased focus on higher-risk customers and incorporate ongoing monitoring for enhanced due diligence and suspicious activity monitoring.

                                      Join us on June 26 for this CAMS-accredited webinar, as we discuss the updated FFIEC Exam Procedures for Customer Due Diligence and outline key considerations for your BSA/AML Program as you prepare for your next examination.

                                      Highlights of this educational webinar will include:

                                      - Discussion on the challenges of meeting regulatory expectations for CDD with a focus on higher risk customers

                                      - Overview of CDD Requirements according to the FFIEC Exam Manual:

                                      • Customer Due Diligence including the impact of the new CDD Rule, Ultimate Beneficial Ownership, and Guidance on CDD
                                      • Customer Risk Profile including the importance of proper identification and assessment of risk
                                      • Customer Information – Risk-based Procedures including Higher Risk Profile Customers and Ongoing Monitoring of Customer Relationships
                                      • Enhanced Due Diligence for Higher Risk Customers including the spectrum of risk within categories of customers and risk mitigation through ongoing monitoring.

                                      - Key considerations for your BSA/AML program in preparation for your next examination.

                                      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.

                                      Register now: https://verafin.com/event/new-ffiec-exam-procedures-customer-due-diligence/?src=CBANC

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                                        Increasing Risk May Not Mean What You Think It Does

                                        Happy Friday, Bankers! Today we are discussing the risk behind treating all risk the same. This post originally appeared on the Ncontracts blog.

                                        Increasing Risk May Not Mean What You Think It Does

                                        When risk increases, the natural response is to take action to reduce that risk. But not every increase requires action. In fact, it may distract you from more important issues.

                                        I’m talking about the risk of treating every risk the same...

                                        READ THE FULL ARTICLE: Download the attached PDF