Event Calendar

Wednesday, May 25, 2022

Webinar - Enhanced Due Diligence & Risk Assessment of ACH Customers

Start Date: 5/25/2022 9:00 AM MDT
End Date: 5/25/2022 10:30 AM MDT

United States 

Your institution’s BSA/AML compliance program is always a hot button with examiners, and it is even more important now regarding ACH customers. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with a particular ACH customer. The higher the risk, the greater amount of due diligence and monitoring required. This webinar will explain how your institution can identify and assess the risk – low, medium, or high – associated with your customers using ACH services. In addition, it will explain the additional steps for conducting the “enhanced” due diligence that is required for higher-risk customers, and the ongoing monitoring that is required of all customers using ACH services.


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