FinCEN's New CDD Rule - The New Fifth Prong of the AML

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

Oct 28, 2021 - 01:00 PM EST

Duration: 60 Minutes

Single Attendee

$249

Group of 3 to 5 +1 Thumb Drive or 5 online Recorded version

$399

Group of 6 to 10 +1 Thumb Drive or 10 online Recorded version

$799

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment

$599

Recorded video

Recorded video session

$349

Enroll Now