BSA Series: Revisiting CIP with New CDD Rules Pending
Review your financial institution's Customer Identification Program (CIP) with new Customer Due Diligence (CDD) rules pending
What does it mean to run your CIP on existing customers and members? What are the hot buttons that may be a problem with beneficial owners? How can you change your CIP program to make sense for the addition of a beneficial owner who is not a signer on the business? All of this and much much more…
- How and why you might want to change existing CIP
- What is a legal entity customer?
- Who is a beneficial owner?
- When you run your CIP on a beneficial owner
- Record retention for CIP and CDD
- Worksheets and scripts and why they work
- Asking transactional questions at new accounts
BSA Officers, CIP personnel, Deposit Operations, Marketing, Training, Compliance and Branch Administration.
Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2.5 CE Credits
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