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Enhanced Due Diligence & Risk Assessment of ACH Customers

May 25 2:00 PM - May 25, 2022 3:30 PM
May 25, 2022 2:00 PM - 3:30 PM
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Do your policies, procedures, and processes match the risk associated with each ACH customer? Higher risk means more due diligence. This webinar will teach you how to assess an ACH customer’s risk and describe the extra steps required with enhanced due diligence.

Learning Objectives

  • Explain the risks associated with ACH transactions
  • Create a proper customer risk profile and accurately assign risk ratings for ACH customers
  • Distinguish which customers should be deemed higher risk
  • Determine the appropriate due diligence required at account opening and throughout the relationship with the ACH customer
  • Explain when a high-risk customer can be reduced to moderate or low risk
  • Conduct a BSA/AML quantity of risk assessment for your institution regarding ACH customers

Your institution’s BSA/AML compliance program is always a hot button with examiners, and it is even more important now regarding ACH customers. All institutions must use a risk-based approach to ensure their policies, procedures, and processes are commensurate with the risk associated with a particular ACH customer. The higher the risk, the greater amount of due diligence and monitoring required. This webinar will explain how your institution can identify and assess the risk – low, medium, or high –associated with accountholders using ACH services. In addition, it will explain the additional steps for conducting the “enhanced” due diligence that is required for higher risk accountholders, and the ongoing monitoring that is required of all customers using ACH services.



Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Elizabeth is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Compliance