BSA/AML: CIP Advanced

$55.00

SKU: 10114 Category: Tag:

Description

Explains the additional CIP steps to take at account opening to identify customers and confirm that their activities and funds are legitimate. Describes the documentation and enhanced due diligence the bank may require for non-U.S. persons, and risks to the bank when offering services to higher risk entities.
What You’ll Learn
After completing this course, students will be able to:

  • Describe the advanced procedures to take to identify customers who are not individuals and their banking practices
  • Identify the types of identification and verification needed when opening accounts for the following entities:
  • Business accounts
  • Non-U.S. persons
  • Non-Bank Financial Institutions (NBFIs) and Money Service Businesses (MSBs)
  • Private banking and politically exposed persons (PEPs)
  • Foreign correspondent accounts
  • Explain how existing CIP requirements apply to prepaid cards
  • Additional information

    Audience

    Any bank staff establishing relationships with business customers, private bankers, and commercial lenders.

    Credits

    0.75 CCTS, CFSSP, CLBB, CRCM, CSOP, CTFA and CAFP

    Member Price

    55.00

    Non-Member Price

    75.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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