"My favorite part of attending ICBA Institutes is connecting with peers from other institutions. I look forward to future events knowing familiar faces will be there, and while the training is always excellent, it’s the networking that keeps me coming back."
-McKenzie Humpal, VP Compliance Officer at First Citizens Bank in Iowa
"Through ICBA, I earned the CCBIA, CBAP, and CCBCO designations, each enhancing my role at different stages of my career. Each designation provided valuable resources and insights that improved my expertise in these areas."
-Michael Hoehn, Assistant Compliance Officer and CRA Officer at First Metro Bank in Muscle Shoals, Alabama.
"The Fraud Seminar was excellent and very informative. I got a lot of resources that will help in our FI. Great tools."
-Donna Franklin, AmeriState Bank, Atoka, Ohio
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Bank Secrecy Act: Customer Due Diligence and Beneficial Ownership (Individual)
Online Course
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CPE Credits: 0.50
Customer Due Diligence is the fifth pillar of a compliance Bank
Secrecy Act and Anti-Money Laundering Program. In this course you will
learn about the Customer Due Diligence rules including the following
requirements and how to comply with them: customer identification and
verification; beneficial ownership identification and verification;
using customer relationships to develop a customer risk profile; and
monitoring for reporting suspicious transactions. This course is
intended for new accounts personnel, both deposits and loans and BSA
and compliance personnel.
Learning Objectives:
State the four core elements of a customer due diligence program
Understand the difference between the requirements for CIP versus
Beneficial Ownership
Know the rules for opening an account for a legal entity customer
Work with your BSA team to risk rate your customers and monitor
their activity
Ensure your bank has compliant written policies and procedures to
address each of the elements of a customer due diligence program
