AML and Beneficial Ownership

Key Take Away:

Understanding the new FINCEN CDD rule is important for financial institutions in order for them to stay complaint in themselves as part of their overall AML Program. Understanding and preparing for the Beneficial Ownership component will be critical.

Overview:

Most financial institutions have AML programs in place but may not be comprehensive to include the new FINCEN CDD rule. Although they are in place, they need to expanded to ensure it is properly address the fifth prong to be include in the program. This AML compliance webinar will help attendees better understand this fifth prong and how the new CDD rule fits into their existing AML program. Best practice guidelines relating to these will be addressed as well as consequences for failing to addressing them accordingly.

Why Should You Attend:

By understanding the obligations as it pertains to the AML, the opportunity to be noncompliant with their requirements will be mitigated more effectively and certain associated problems can be addressed and resolved more efficiently and effectively. Enhanced CDD will ensure it is being effective with its oversight of its customers and helping mitigate the potential of financial crimes from occurring.

Areas Covered In This Webinar:

You will be able to explain:

• FINCEN’s new CDD rule basic information
• Purpose and Requirements
• Fifth Prong Concept and Beneficial Ownership
• Policies and Procedures
• Training
• Consequences for non-compliance

Learning Objectives:

A comprehensive AML Program is critical for the protection of the financial institution against money laundering and other associated financial crimes. Understanding the new CDD requirements and the fifth prong needs to be appropriate and adequate in order to mitigate the potential for non-compliance and avoiding potential enforcement actions and violations.
Who Will Benefit:

• BSA Compliance Officers
• BSA Personnel

Email: [email protected] 
Toll Free: +1- 844-414-1400
Tel: +1-516-900-5509

Speakers Profile:

Gina Lowdermilk
Gina Lowdermilk 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. Gina 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.

Others Details

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