TrainBanking

FinCEN's New CDD Rule - The New Fifth Prong of the AML

The FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD. This webinar will present various aspects of the requirements.

Recorded Version

$229.00
1x Person - Unlimited viewing for 6 Months (For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My Account Section
Last Recorded Date: Jun-2019

Training CD / USB Drive

$349.00
One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days
Customer Care

Fax: +1-650-362-2367

Email: customercare@trainbanking.com

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Areas Covered in the Webinar:
  • The existing 4 prongs/pillars of AML per the BSA
  • Overview of the new 5th prong/pillar
  • Triggers that caused this expansion of regulations
  • Purposes, per FinCEN
  • Three covered entity types
    • Customer legal entity
    • Beneficial owners
    • Controlling persons
    • Exclusions
  • New Requirements
    • Risk profiles
    • Updating
    • Baseline/normal transactions
    • Transaction monitoring
  • By May 11, 2018 you must be ready, here is what you will need
Who Will Benefit:
  • Risk Management
  • Legal
  • Regulatory
  • Compliance
  • Audit
Instructor Profile:
Jim George Jim George

Independent consultant, George Consulting LLC

Jim George is an independent consultant working with major banks and other financial institutions in areas of mortgage, compliance management, and risk management. He was formerly an Associate Partner in the Bank Risk and Compliance unit of IBM Consulting and with PriceWaterhouse-Coopers consulting before that. Jim worked for the Director of Operations in HUD’s Office of Fair Housing around the time HDMA reporting regulations were first implemented. He was Senior Vice President of Operations and Compliance for a mortgage servicing company.

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. TrainBanking would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@trainbanking.com call +1-888-771-6965 (Toll Free).

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