Brett Goodnack, JD, CAMS
Emerging Risks Lead Coordinator and Compliance Advisor,, Compliance Alliance
Brett Goodnack, JD, CAMS, is Emerging Risks Lead Coordinator and Compliance Advisor for Compliance Hub. He holds a law degree from Duquesne University, where he earned the Hascall McKinney Award, and a B.S. in Crime, Law, and Justice from Penn State. Brett brings 10+ years of experience in due diligence and risk mitigation, including roles in trust administration and governance consulting. He previously served as Associate Director for a global investment bank in AML and KYC. Brett is also a featured author for Compliance Alliance.
All Sessions by Brett Goodnack, JD, CAMS
Digital KYC in the Real World: Identity, ITINs, Consular IDs, Online Account Opening, and the New CDD Politics
KYC and CDD are moving into a more complicated environment, shaped by digital account opening - which has no doubt made customer onboarding faster, but has also made identity, documentation, and risk-based due diligence more nuanced. Recent FinCEN and interagency guidance has placed renewed attention on how banks identify customers, evaluate alternative forms of identification, recognize suspicious activity, and apply enhanced due diligence - while raising new questions about how those expectations should be implemented in practice. This session examines practical CDD and EDD considerations involving online account opening, ITINs, consular IDs, synthetic identity, fraud indicators, and customer risk documentation. Participants will consider how banks can respond to new regulatory and policy pressures without reducing risk-based due diligence to broad assumptions, rigid categories, or automatic conclusions.
