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Bank Secrecy Act – Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

2018-06-28

Regulatory Authority: BSA - USA Patriot Act

Credit Hours:

Customer Due Diligence (CDD) is one of the requirements that just makes sense in the world of BSA.  There is still that thought that we are all working for the government, but this one helps the institution in more than one way.  When we know our customers at a deeper level that knowledge can be used to ensure the products and services we are offering them are truly a great fit.  The flip side is the protection to the institution’s assets and reputation should criminal activity actually be identified as a result of due diligence.  So, let’s get started with what it looks like for an institution to be compliant.

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