Bank Secrecy Act for Managers: 06. Enhanced Due Diligence
Learning objectives
- Gain an understanding of enhanced due diligence.
Course overview
The USA PATRIOT Act requires all banks to apply enhanced due diligence when there is abnormally high risk involved. When it comes to structuring your Anti-Money Laundering program, enhanced due diligence stresses the idea that one size does not fit all. In recognizing that certain customers, locations, and account types involve higher risk than others, special care should be taken to mitigate this risk.
The individuals involved in the development and promotion of this course do not receive any compensation or financial benefits outside of their regular employment for their work on this course.
- 6 minutes
- Format: Video
- English