What Is The Right CDD/EDD Solution For Your Institution?
When it comes to choosing a CDD/EDD solution make sure you consider all the factors.
FinCEN’s Final Ruling on Customer Due Diligence requirements for financial institutions calls for a number of changes that will affect every financial institution as it works to cultivate new relationships, open new accounts, and monitor its customer/member base.
As your institution navigates through project plans ahead of the May 2018 deadline, it is important to take a step back and look at the broader picture to ensure success across all the effected lines of business. We have outlined five key steps towards a successful program review and regulatory implementation.
Your Guide To Finding The Right CDD/EDD Solution
Other Customer Due Diligence Resources:
- Beneficial Ownership Webinar
- How To Gain Institution Wide Efficiency with the CDD Changes
- Beneficial Ownership Resources and Checklist