BSA/AML Contextual Awareness of High Risk Customers
View: 29
Website https://www.complianceonline.com/bsa-aml-contextual-awareness-of-high-risk-customers-webinar-trainin |
Edit Freely
Category
Deadline: October 25, 2020 | Date: November 04, 2020
Venue/Country: U.S.A
Updated: 2020-10-05 15:34:26 (GMT+9)
Call For Papers - CFP
The management of compliance risk requires a thorough evaluation of the customer base. Determining the risk rating of a customer – especially those seen as High Risk – plays an important role in the construction of a complete and accurate BSA/AML Risk Assessment. The determination of High Risk Customers may involve a wide array of variables, carefully rated and scored, or a single variable that overrides all others. The factors to calculate high risk – or any risk – must drive an on-boarding system – computer-based or manual. How many high-risk customers must an institution have before the meaning of high risk becomes meaningless? The USA Patriot Act has laid out the requirements for Customer Due Diligence and Enhanced Due Diligence for High Risk customers. The recently implemented FinCEN CDD Rule which formalized the concept of beneficial ownership, provides guidance for the management of high risk customers.This webinar will examine the regulatory background behind the determination of high risk, weighting and rate factors leading to high risk scoring, and asking when is a high-risk customer too hot to handle, what is the risk appetite of the institution.
Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
Disclaimer: ourGlocal is an open academical resource system, which anyone can edit or update. Usually, journal information updated by us, journal managers or others. So the information is old or wrong now. Specially, impact factor is changing every year. Even it was correct when updated, it may have been changed now. So please go to Thomson Reuters to confirm latest value about Journal impact factor.