BSA/AML Examiner School - Case Study Oct 2023

BSA/AML EXAMINER SCHOOL Customer Due Diligence (CDD) – Enhanced Due Diligence (EDD)

You requested information from the bank to demonstrate compliance with CDD and EDD. You received a sample Business Profile form and sample correspondence. Consider the following questions when reviewing the documents.

1) Did management provide appropriate documentation related to CDD & EDD?

2) Did management follow procedures outlined in the BSA Policy?

3) Based on your review, do you have any concerns?

4) Do you think the bank has appropriate CDD & EDD procedures?

5) Keep a list of any questions you have for the BSA Officer.