Updating Your CDD Program: Beneficial Ownership, Triggering Events & New SSN Verification

  • by ICBSD
  • May 20, 2020
  • 0

Date(s) - 05/20/2020
2:00 pm - 3:30 pm


Updating Your CDD Program: Beneficial Ownership, Triggering Events & New SSN Verification

Don't miss this webinar.

Is your CDD program up to snuff? Do you know about triggering events and the new SSN verification? How are customer risk profiles developed? Go beyond just learning to navigate the rules. Sample policy will guide you in updating your CDD program and meeting compliance obligations.


  • $230 – Live Webinar
  • $230 – Recorded Webinar + Free Digital Download
  • $350 – BOTH Live Webinar and Recorded Webinar + Free Digital Download


When you think of CDD, you probably think of the beneficial ownership requirements. BSA’s fifth pillar is comprised of four core elements:

  • Customer identification and verification
  • Beneficial ownership identification and verification
  • Development of a customer risk profile
  • Ongoing monitoring

These new regulations significantly changed the account opening process, adding additional steps and due diligence. This session will teach effective ways to gather and verify beneficial owner information, including best practices for establishing the account’s purpose and anticipated activity. But information gathering is just part of the process. What do you do with it? How do you know when something is outside an accountholder’s “norm”? Which triggering events require file updates? Attend this jam-packed session for solutions to navigate the CDD requirements and learn how the new SSN Verification (eCBSV) service can enhance your due diligence and identity theft protection programs.

Attendance certificate provided to self-report CE credits.


This informative session is designed for BSA officers, compliance officers, new accounts staff, and branch managers.