Loading Purplepass...
FinCEN's New CDD Rule - The New Fifth Prong of the AML
Presented By Training Doyens
Tuesday, June 26th at 1:00pm EST
Online sale ends: 06/26/18 at 1:00pm EST
Training Doyens 26468 E Walker Dr
26468 E Walker Dr,Aurora, Colorado
Aurora, CO 80016
-= series =-
Buy Tickets
Buy Tickets
Description
OVERVIEW

FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD.  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 starting May 11, 2018.

WHY SHOULD YOU ATTEND

The new rulesgo 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 and starts May 11, 2018.

AREAS COVERED                      

  • 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

    • Controlling persons

    • Exclusions

  • New Requirements

    • Risk profiles

    • Updating 

    • Baseline/normal transactions

    • Transaction monitoring 

  • It starts May 11, 2018you must be doing it then, here is what you will need

LEARNING OBJECTIVES

Learn about the FenCIN requirements announced in 2017 and to be fully implemented second quarter of 2018.  They are extensive Customer Due Diligence and involve research into entities few banks currently document fully.                                                                                                        

WHO WILL BENEFIT

Banking, Brokerage, or any Financial Services company which have AML requirements.

 

For more detail please click on this below link:

https://goo.gl/8BQwyy

 

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

 

 

 


Presented By

1:00pm to 3:00pm
Doors open at 2:00pm

Live Webinar: $199.00
Recorded Webinar: $219.00

Training Doyens 26468 E Walker Dr<br> 26468 E Walker Dr,Aurora, Colorado<br> Aurora, 80016

+1-720-996-1616

UPCOMING EVENTS
Wednesday, June 20th

Buy Tickets
Thursday, June 21st

Buy Tickets
PAST EVENTS
Thursday, June 14th

Past Event
Thursday, June 14th

Past Event
Thursday, June 14th

Past Event