FinCEN's New CDD Rule - The New Fifth Prong of the AML
Gina J. Lowdermilk
Jul 10, 2019 - 01:00 PM EDT$249
Premier pro price: $224 (save 10%)
This webinar will cover the FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD.
Why Should You Attend:
It goes far beyond knowledge of the Customer Legal Entity to the Beneficial Owner of that entity and its Controlling Persons. It is focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline “normal” activity for the customer type. It is very unlikely that many banks already comply with these requirements. Full compliance implementation is required by May 11, 2018.
Areas Covered in the Webinar:
- The existing 4 prongs/pillars of AML per the BSA
- Overview of the new 5th prong/pillar
- Triggers that caused this expansion of regulations
- Purposes, per FinCEN
- Three covered entity types
- Customer legal entity
- Beneficial owners
- Controling persons
- Exclusions
- New Requirements
- Risk profiles
- Updating
- Baseline/normal transactions
- Transaction monitoring
- By May 11, 2018 you must be ready, here is what you will need
Who Will Benefit:
- Risk Management
- Legal
- Regulatory
- Compliance
- Audit
Webinar Events
Attend Live Webinar
Jul 10, 2019 - 01:00 PM EDT
Duration: 60 Minutes
Single Attendee
Premier pro price: $224 (save 10%)
Group of 3 to 5
Premier pro price: $359 (save 10%)
group of 6 to 10
Premier pro price: $539 (save 10%)
Training CD-DVD
Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment
Premier pro price: $449 (save 10%)
Recorded video
Recorded video session
Premier pro price: $314 (save 10%)
Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant
Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.
Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.
