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BSA Negative News Searches: Search Tools and Best Practice Tips

BSA Negative News Searches: Search Tools and Best Practice Tips

Know Your Customer (KYC) is a critical part of a strong BSA/AML compliance program. The purpose of KYC is to identify customers, counterparties, beneficial owners and others doing business with a financial institution who may pose greater money laundering, financial crime, or terrorist financing risk. Identifying what is known as “negative news” is essential in determining the potential risk of a client and also necessary when possible suspicious activity is identified. This webinar covers effective tools (some free and some not) that are available to financial institutions.

Instructor:

Terri Sands

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    KYC serves to identify customers, counterparties, beneficial owners and others doing business with a financial institution who may pose greater money laundering, financial crime, or terrorist financing risk.

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