New Beneficial Ownership Implementation Webinar
8/9/2017 2:00 PM - 4:00 PM (CT)
Type: Live Webinar
Industry: Financial Institutions
Seats Remaining: 463
Name: Mary Boortz
On May 11, 2018, the final rule issued by the Financial Crimes Enforcement Network (FinCEN) will be implemented, which will require financial institutions to put in place policies and procedures to comply with the beneficial ownership rule. The rule requires a covered financial institution to adopt due diligence procedures that will require identification and verification of a legal entity’s beneficial owner(s) at the time of account opening. This is the most significant change since the implementation of the USA PATRIOT Act and will affect all areas of your institution, such as front-line staff, commercial lenders, board of directors, and compliance staff.
The webinar will cover the rule and its legal definitions, exemptions, due diligence requirements, core system considerations, and many other issues related to the implementation of this rule
Who should attend?
- BSA officers
- Compliance officers
- Internal auditors
- Commercial lenders
- Front-line staff
- Board members
Questions? Contact Mary Boortz at firstname.lastname@example.org or 715.858.6677.