Bank Secrecy Act for Managers: 06. Enhanced Due Diligence

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.
  • 6 minutes
  • Format: Video
  • English
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