- Location Aurora, Colorado, United States
- Date 11-04-2018
This webinar will discuss the new requirements of 31 CFR Parts 1010, 1020, 1023, 1024, and 1026 as related to Customer Due Diligence Requirements for Financial Institutions. This includes rules for banks, brokers or dealers in securities, mutual funds, and futures commission merchants and introducing brokers in commodities. We will discuss the purpose of the regulatory action, the major provisions for the rulemaking (beneficial ownership and anti-money laundering program rule amendments), and costs and benefits of implementing the rule. We will also discuss the background of the Bank Secrecy Act.
WHY SHOULD YOU ATTEND
You should attend this webinar in order to gain a background of KYC/CDD requirements, the new changes regarding specific requirements for obtaining this information related to beneficial owners, and the regulatory requirements that take effect in May 2018. You will learn the information you must obtain about beneficial owners, the expectations the regulators will have related to your KYC/CDD program, and lessons learned from enforcement actions related to a financial institution have a weak KYC/CDD program.
We will cover basic KYC/CDD requirements, the changes to the requirements effective May 2018, regulatory expectations, and the costs for non-compliance with the new requirements.
This webinar will provide you with the latest updates and changes to the rules and regulations for Customer Due Diligence Requirements for Financial Institutions (31 CFR Parts 1010.230 and 1020). You will learn the requirements for obtaining KYC/CDD for beneficial owners which takes effect on May 11, 2018.
WHO WILL BENEFIT
Thomas E Nollner has more than 35 years of experience in financial institution supervision and consulting. Mr. Nollner spent 30 years as a National Bank Examiner for the Comptroller of the Currency where he was a safety and soundness examiner and a compliance examiner.
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