Webinar: Managing & Monitoring High-Risk Accountholders
August 15, 2024 3:00 pm - 4:30 pm
High-risk accountholders come in all shapes and sizes – and industries.
This can make it difficult to identify activities outside the norm. The risks can increase if you have not properly identified the consumer, business, or source of deposited funds, or appropriately monitored the account for changes in activity. Attend this thorough webinar to learn more about managing and monitoring high-risk accountholders – and the risks involved.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Define high-risk accountholders in your policies and procedures
- Develop adequate internal controls to protect your institution from money laundering and fraud
- Use provided tools and resources to develop a comprehensive due diligence process at account opening
- Establish monitoring procedures to identify potentially suspicious activity
- File accurate SARs for emerging areas of fraud
WEBINAR DETAILS
High-risk accountholders span a variety of industries, account types, and individual behaviors. Money service businesses, private ATM owners, cannabis-related businesses, and cash-intensive businesses present even more risk to your institution.
This session will address how to mitigate these risks and safely maintain relationships with higher-risk accountholders. It will detail the required policies and procedures you should have in place to identify high-risk accountholders at the time of account opening and conduct appropriate due diligence to ensure a proper understanding of the accountholder’s normal activity. You’ll learn about red flags that should be incorporated into your monitoring process to identify potentially suspicious activity and take appropriate action.
WHO SHOULD ATTEND?
This informative session will benefit new accounts representatives, loan officers, branch managers, BSA/AML officers, and compliance officers.
TAKE-AWAY TOOLKIT
- New account due diligence form
- Business account questionnaire
- FinCEN advisory tracker
- 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: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.
Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.