Critical CIP & CDD Issues: Compliance, Beneficial Ownership & FAQs

Do you really know your accountholder? How can you be sure? What does it take to comply with CIP, CDD, and EDD? Are you asking the right questions and requesting the right documents? Join this informative program for a regulatory line-by-line review and detailed explanation.

WEBINAR HIGHLIGHTS:

• Line-by-line look at the CIP regulation
• Information that must be obtained before opening an account
• Required documentary and non-documentary verification
• Should more types of identification be added? What types are available?
• How should online banking be addressed?
• Should CIP be kept up to date?
• Is non-documentary verification enough?
• Can we back off from the 2003 CIP now that more systems are in place?
• Examination expectations on customer due diligence (CDD)
• Keeping customer records current
• Anticipating transactions and activities
• Enhanced due diligence on high-risk customers
• Developing the questionnaire
• Ongoing communication during the relationship
• When should a relationship be closed? How should it be closed/ended?
• Regulatory concerns
• Working with sales and not against them
• CDD rules – beneficial owners, controlling person, and the form
• Renewals, IOLTAs, trusts, and multi-tiered business ownership

For more information or to register CLICK HERE