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Bank Secrecy Act: High-Risk Customers

Bank Secrecy Act: High-Risk Customers Online Training Course
This Bank Secrecy Act: High-Risk Customers online training course is designed for BSA Officers and department staff. This course provides an overview of a bank’s risk-based BSA/AML Customer Due Diligence and Enhanced Due Diligence framework, explaining how financial institutions identify, assess, monitor, and manage customer risk – particularly for higher-risk customers – to detect and prevent money laundering, terrorist financing, and other financial crimes. By applying the concepts covered in this course, bank personnel are better equipped to detect unusual activity, reduce compliance and reputational risk, and ensure the institution meets its regulatory obligations while supporting the integrity of the financial system.
SKU: P5314EN
$40.00
PRICE BREAKS - The more you buy, the more you save
Quantity 100+ 500+
Price $30.00 $20.00

This Bank Secrecy Act: High-Risk Customers online training course outlines the basis of a strong BSA/AML compliance program, which includes implementing risk-based customer due diligence (CDD) and enhanced due diligence (EDD) policies, procedures, and controls for all customers, particularly those of higher risk for financial crimes. Proper identification and detection of suspicious activity help the bank avoid criminal exposure; and ensure the bank is adhering to safe and sound banking practices.

Course Learning Objectives

By taking this online Bank Secrecy Act: High-Risk Customers course, the user will learn:

  • The purpose and key components of a Customer Due Diligence (CDD) program within a BSA/AML compliance framework
  • How to identify higher-risk customers and describe the factors banks use to assess and document customer risk
  • How Enhanced Due Diligence (EDD) expands information-gathering for higher-risk customers to support a stronger customer risk profile
  • Risk-based monitoring concepts to recognize potential red flags and support the timely escalation and reporting of suspicious activity

Course Outline

This online Bank Secrecy Act: High-Risk Customers course is made up of the following sections:

  1. Customer Due Diligence
  2. Higher-Risk Customers and EDD
  3. Special High-Risk Customers

Course Audience

This Bank Secrecy Act: High-Risk Customers online training course was designed for bank employees and specifically for BSA Officers and department staff.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.

Course Language English
Length Range 30 Minutes or Less
Length (Hours) 0.50
Course Features Video, Audio, Mobile, Accessible
Module Number(s) 42293EN