High-Risk Customer Management Session
OverviewTo register for this session, please complete and submit the form above. Shortly after submission, you will receive an email from Molly Baker — Verafin confirming your registration for the session. This confirmation and subsequent reminders will originate from the following address: [email protected] Financial institutions are facing significant challenges managing customers in high-risk categories amid increased regulatory pressure surrounding Customer Due Diligence and Enhanced Due Diligence (CDD/EDD). Join our expert presenters at the 2021 Verafin Virtual Tour for a special session focused on BSA/AML requirements for CDD/EDD and high-risk customer management. Highlights from this engaging event include:
- A review of regulatory requirements and obligations related to CDD/EDD, including the AML Act of 2020, and the potential impact on financial institutions’ processes and procedures.
- A discussion surrounding the challenges of EDD and managing high-risk customers, including Cannabis-Related Businesses, Politically Exposed Persons, and more.
- A review of best practices for effective risk scoring and ongoing monitoring of high-risk customers to mitigate AML risks and strengthen your compliance program.