Webinar: High-Risk Account holders & Services
May 10, 2023 3:00 pm - 4:30 pm
There is a list of high-risk customers and services in the BSA exam manual.
Are you familiar with it? Do you understand how they impact your anti-money laundering program and how to mitigate the risks? Learn about the additional due diligence that is required.
WEBINAR HIGHLIGHTS:
- Nonresident aliens and foreign individuals (NRA)
- Politically exposed persons (PEP)
- Embassy and foreign consulate accounts
- Nonbank financial institutions and MSBs
- Professional service providers
- Nongovernmental organizations and charities
- Cash intensive businesses
- Cannabis-related businesses
- Private ATMs
- Virtual asset service providers
- Third-party payment processors (TPPPs)
WEBINAR DETAILS
Many types of accountholders come to your financial institution seeking many types of services. The BSA exam manual identifies many services and accountholders as high risk for money laundering. This webinar will cover those high-risk accountholders and services and explain their impact on the AML program. What makes them high risk? What extra due diligence is required? How do high-risk accountholders and services impact your institution’s BSA risk rating? This detailed webinar will cover it all.
WHO SHOULD ATTEND?
This webinar is designed for BSA officers, BSA coordinators, compliance officers, and security officers.
TAKE-AWAY TOOLKIT
- FFIEC’s BSA/AML Examination Manual
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Deborah Crawford, Gettechnical, Inc.
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.