FinCEN’s CDD Rule and the Impact of the 2020 AML Act Webinar –

DUBLIN–(BUSINESS WIRE)–The webinar “The FinCEN CDD Rule and the impact of the 2020 AML Act” has been added to from offer.

This goes well beyond knowledge of the Client Legal Entity to the Ultimate Beneficial Owner of this entity and its Controlling Persons. It focuses beyond the initial customer acceptance stage, requiring ongoing updating and monitoring from the baseline “normal” activity for the type of customer. It is highly unlikely that many banks already comply with these requirements.

The new requirements are daunting. They will impact the commercial, small business, private and international banking sectors of banks as well as compliance officers and sectors currently performing KYC tasks. Further research will be needed on new entities never before addressed in customer acceptance.

Who should attend:

  • Fraud

  • Compliance and AML

  • vice-president

  • Administrator

  • Director

  • Supervisor

Main topics covered:

  • The 4 existing components/pillars of the AML according to the BSA

  • Preview of the new 5th component/pillar

  • Triggers behind this broadening of regulation

  • Objectives, according to FinCEN

  • Three types of entities covered

  • Customer Legal Entity

  • Beneficial owners

  • People control

  • Exclusions

  • New requirements

  • Risk profiles

  • Update

  • Basic/normal transactions

  • Transaction monitoring

For more information on this webinar, visit

About Charles D. Goolsby

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