• Use code Podcast25 for 25% off this webcast *

Webcast URL:https://www.theknowledgegroup.org/webcasts/the-new-customer-due-diligence/

With the new and final FinCEN Customer Due Diligence Rule that took effect last May 11, 2018, financial institutions are now required to collect, maintain and report beneficial ownership information. This is to help banks and broker dealers identify and verify the identity of a beneficial owner who are opening a new account. Covered financial institutions are also required by the new CDD rule to implement customer due diligence procedures. The Rule is part of the government’s efforts to address regulatory loopholes in preventing money laundering and terrorist financing activities.

In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide the audience with an in-depth analysis of the fundamentals as well as recent developments surrounding FinCEN's New Customer Due Diligence Rule. They will further explain the four elements of considerations, as identified by FinCEN, when performing due diligence. They will also present best practices and practical tips to avoid common risks and pitfalls.

Key topics include:

• FinCEN’s New Customer Due Diligence Rules – A Sneak Peak
• New CDD Requirements
• CIP vs FinCEN’s New CDD Rule
• Identifying Red Flags
• Common Risks and Pitfalls
• Future Implications
• 2018 Trends, Developments and Updates

SEGMENT 1: Tim O’Neal Lorah, Managing Director Navigant - Customer Due Diligence Rule - Impetus for Rulemaking - Key Elements of the Final Rule - Key FINCEN and FFIEC Releases - CIP on Beneficial Owners - Identification and Verification - Exclusions and Exemptions for Certain Entities or Accounts - Risk-Based Procedures for Conducting Ongoing Customer Due Diligence

SEGMENT 2: Dana Twomey, Senior Manager West Monroe Partners - Trigger events: what are they, when do you need to collect beneficial ownership information - How to speak to your clients about beneficial ownership - How to turn a trigger event for beneficial ownership into a positive experience for the customer

This is a must attend event for anyone interested in understanding the significant issues relating to FinCEN’s New Customer Due Diligence Rules.

During this LIVE Webcast, you will hear:

• Detailed guidance explained by the most qualified key leaders & practitioners.
• Hear directly from key thought leaders
• Interact directly with panel during Q&A
• Register now and avail of the early bird discount. Space is limited.

Please click the registration button to enroll in this course today.