WEBINAR
BSA Alert

Opening Accounts For High Risk Customers: Documentation, Scripts and Risk Mitigation Webinar

CFT Credits: 0.25

If you choose to bank some of the high risk customer groups, what should you be looking for and what paperwork and documentation should you get before you enter the relationship?  This webinar will delve into scripts, documentation, and monitoring for high risk customers.

Webinar Description and Intended Audience

Today’s decision to bank or not to bank high risk customers has been called a movement to de-risk. De-risking means to choose not to bank a whole group of customers. This process is being criticized as perhaps not being in the best interests of the country since there will be groups who find it difficult to find banking services. It may send industries into virtual currency and cash which make them less transparent. Perfect examples of this are marijuana related businesses, money service businesses, nonresident aliens, payday lenders, third party payment processors.

Instead, it may make more sense and ultimately be good for the local institution and the national objectives of transparency, to bank the high risk customers whose risk we can manage. If you choose to bank some of the high risk customer groups, what should you be looking for and what paperwork and documentation should you get before you enter the relationship?  This webinar will delve into scripts, documentation, and monitoring for high risk customers.

Covered Topics:

  • How to identify high risk account holders – NAICS, CTR exemptions, FFIEC Exam Manual
  • Account holder type and account holder behavior feed risk scores
  • What do we need to know about these high-risk account holders?
  • How can we monitor them? Change risk? Close relationships?
  • A special look at NRAs, PEPs, MSBs, NGOs and Cash Intensive Businesses
  • How do these account holders affect your overall institution risk rating?
  • Impact on policy, procedures and monitoring

Who Should Attend?

This webinar will benefit BSA officers, BSA support personnel, deposit operations, compliance officers, new accounts, branch operations, all branch personnel and training.

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar DateStart TimeEnd DateEnd TimeViewing Options - See Descriptions AbovePrice
12/06/17Archived Six Month On-Demand Recording$295.00Order
12/06/17Archived CD-ROM Video Recording$345.00Order
AnyIn-HouseRequest