RW Advantage - Webinars

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Event Name:Preparing for Beneficial Ownership and Correctly Documenting Required Information
Date:Friday, January 27, 2017 1:00pm CST
Presented By:BankersHub
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:

  • Overview of Beneficial Ownership Proposed Rule
  • Best Business Practices for Implementation and Training for Loans and Deposits
  • Inclusion of Beneficial Ownership into your current BSA/AML Program
  • Training Your Board of Directors on the Proposed Rule