PEPs, NRAs, MRBs, TPPPs, and Other High Risk BSA Account Holders

Webinar | 1 1/2 Hours | CE Credits: 2.0


Opening Account Procedures and Monitoring the Transactions

Your financial institution is full of account holders who require many types of services. The BSA exam identifies many services and account holders as high risk for money laundering. We will cover the high risk account holders and services listed in the BSA exam manual and begin to see their impact into our AML program. We will look at what makes an account holder or service high risk. How to open the accounts for CIP and what extra due diligence is required when the account holder is high risk. What increased numbers of high risk account holders can do to your overall risk rating.



Topics Covered
•Nonresident Aliens and Foreign Individuals (NRA)
•Politically Exposed Persons (PEP)
•Embassy and Foreign Consulate Accounts
•Nonbank Financial Institutions and MSBs
•Professional Service Providers
•Nongovernmental Organizations and Charities
•Third Party Payment Processors (TPPPs)
•Payday lenders
•Cash Intensive Businesses
•Monetary Instruments


Who Should Attend

This webinar will benefit BSA officers and staff, deposit compliance and staff, deposit operations, compliance officers and staff, and anyone who assists in the management of BSA.


Instructor

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 28 years of combined teaching and banking experience.
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