TOPIC: Exam Prep

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

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.

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

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


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    “Although any type of customer account is potentially vulnerable to money laundering or terrorist financing, by the nature of their business, occupation, or anticipated transaction activity, certain customers and entities may pose specific risks.”
    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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      Free Webinar | How to Build and Cultivate Relationships with Examiners - 1 CAMS credit, 1.25 CAFP, CFSSP, CRCM credits

      Register today

      Thursday, July 18 | 1 p.m. CST

      One of the most important business relationships your financial institution has is your relationship with examination staff from state and federal agencies, including the OCC, FDIC, Federal Reserve, and NCUA. A well-managed relationship needs tending even outside the exam window and should be nurtured by both sides on an ongoing basis. During this webinar, learn how to cultivate a collaborative relationship and effectively communicate with examiners.

      Join to learn:
      • Utilizing examiners as subject matter experts
      • Requesting examiner input and buy-in when making material business decisions
      • Addressing previously documented criticisms or recommendations
      • Knowing your escalation paths within the agencies
       Save your seat! 

        Job Aid | Preparing for a Successful Exam Checklist - What to do before, during, and after the exam.

        Preparing for a Successful Exam Checklist
        What to do before, during, and after the exam.


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        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 process for you. Download now to know what will be covered on your exam, plan for the upcoming examiner visit, and review and organize your compliance documents.

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          CDD: One Year Later | Survey Request

          It's officially been one year since the CDD rule went into affect. Have you had an exam since then? What aspects of CDD and beneficial ownership, if any, did the examiner focus on? 

          We're doing a short survey on the impact CDD is having on recent exams and would appreciate if you could take a few minutes to fill it out. We're happy to share the results if you participate. 

          Thank you! 

          Survey: https://www.surveymonkey.com/r/QCJ33BN