Program Description:
How do you pass the Customer Identification portion of the BSA exam? You write a good policy with specific procedures for identifying new customers and follow it. It seems simple. Why then are many financial institutions having trouble on their exams? There seems to be a lag between what your policy says you are going to do and what is actually being done. In this important seminar learn how to write a policy that makes sense for your financial institution and its risk. What are the common pitfalls to avoid and how to document what you are doing and tie in the frontline.
This two-hour course covers:
- What is the purpose of CIP
- Key definitions and requirements in any policy
- Common pitfalls and mistakes
- What to do when addresses and names don’t match
- Working with customers and examiners to make this smooth
- What are the important components on the exam
- What is CIP risk
- How to handle accounts for minors when they sign and when they don’t sign
- How to set up business accounts and who do you identify on any number of accounts
- And much much more
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This session would be useful for anyone involved in developing your CIP policy and for those overseeing your CIP program.
Presenter:
Deborah Crawford Stone is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20-plus year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
|
