Description

• Utilizing CDD review to determine when EDD is required based on factors such as jurisdictional risks, entity client base, ownership structure and transaction activity patterns

• Developing checklist of EDD goals such as beneficial ownership determination and processes such as negative news searches to secure data relevant to risk-based assessment

• Informing senior management regularly to review risk profile changes, responsive EDD and monitoring measures, and gain consensus on account exiting or continuation decisions

Moderator(s):

• Marina Adams, CAMS, Head of Data Privacy Officer, Compliance and Privacy Officer, Federal Reserve Bank of New York

Speaker(s):

• Marilú Jiménez, Esq., CAMS, Founder and President, Financial Intelligence Network & Compliance Advisors (FINCAdvisors)
• Elizabeth L. Slim, CAMS, First Vice President, Regulatory Trainer, Commonwealth Business Bank
• Anthony J. Tricaso, CAMS, Senior Vice President, BSA Officer, Axos Bank
• William J. Voorhees, CAMS, Senior Vice President, BSA/AML Financial Intelligence Unit Manager, BB&T, Now TRUIST