Finally, there is a one-stop Enhanced Due Diligence reference source! This book clearly presents methods for risk assessing customers and developing policies, procedures and controls for implementing a sustainable AML enhanced due diligence compliance program. The book not only addresses risk models, risk categories and risk elements, but also provides detailed information regarding specific high risk customer types. qThe Desktop Referenceq contains sample EDD reviews and everything you need to develop and maintain your EDD program, train your staff, and reduce regulatory risk. This book also teaches how to risk assess different customer types, how to conduct customer on-boarding EDD, and how to conduct ongoing EDD reviews. Sample EDD reviews include those for: Cash Intensive Businesses, Charities and NGOs, Foreign Correspondent Banks, and Private Banking Customers. Also covered are: MSBs and NBFIs, Senior Foreign Political Figures, Non Resident Aliens, and generic high risk customer types.How to define aquot;close associatesaquot;: The category of closely associated persons should include close business colleagues and personal ... However, banks should consider applying heightened scrutiny to business relationships holding assets of foreign political parties. How to proceed to ... make sense aor are logical, given what is 162 Enhanced Due Diligence a The Complete BSA/AML Desktop Reference.
|Title||:||Enhanced Due Diligence - The Complete BSA/AML Desktop Reference|
|Author||:||Stephen L. Marini, Howard Steiner|
|Publisher||:||Lulu.com - 2008-08|