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FSC - Customer Due Diligence and Enhanced Due Diligence

Course Description

Customer Due Diligence (CDD) is a critical part of your financial service company's Bank Secrecy Act (BSA) and anti-money laundering (AML) policies. This course discusses the purpose of CDD guidelines, and the basic way CDD can help you to know your customer, assess risk, and decide when Enhanced Due Diligence (EDD) may be necessary. Employees must know how and when to apply appropriate CDD and EDD procedures. This course explains the basics of CDD and EDD, and provides opportunities to practice what you have learned in two scenario activities.
30 Minutes
Series: Nonbank Financial Services
Course Format: Online Self-Paced
Package: Non-Bank Advantage, Non-Bank Complete

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