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|Event Name:||Preparing for Beneficial Ownership and Correctly Documenting Required Information|
|Date:||Friday, January 27, 2017 1:00pm CST|
|Panelist(s) Info:||Terri Sands AAP, Founder - Secura Risk Management|
|Credits:||1.2 AAP Credits, 1.0 CPE Credit|
Today’s BSA/AML Program has a regulatory requirement to comply with four pillars of AML. In May of 2018, there is a new rule that will go into effective that will impact how financial institutions capture information during the account opening process. The proposed new rule on beneficial ownership will add a fifth pillar requirement that will expand the current customer due diligence program. This webinar will review the new requirement, provide practical methods for complying on the front line and provide best business practices for training your front line to obtain the information without adding significant amounts of time to the new account opening process.
This session will cover: