Diligence Issues 2021 - Know Your Customer/Customer Due Diligence Issues

This webinar will discuss the background of the KYC/CDD process as explained in the Federal Financial Institutions Examination Council’s BSA/AML Examination Manual. You will be exposed to the information you need to gather, how the information is used during the AML process
You should attend this webinar so that you are aware of and understand the background of the KYC/CDD process, why gathering customer information is so important, how the regulators will examine your institution for compliance, and some of the costs of non-compliance.
Background of KYC
Purpose of KYC
Background of CDD
Speaker:
Thomas E. Nollner has more than 38 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner (NBE) for the Controller of the Currency where he was a safety and soundness examiner and a compliance examiner.