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August 23, 2018
12:00-1:30PM

Navigating the Intricacies of the Beneficial Ownership Rule

Webinar Hosted by NACHA

August 23, 2018
12:00-1:30 PM CT
7:00-8:30 AM HST

$199 Member/$398 Non-Member

May 11, 2018 marked the deadline for financial institutions to achieve mandatory compliance with the final Beneficial Ownership Rule under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements. Achieving compliance may require changes to your institution’s policies, procedures and processes, and the examiners are anxious to assess your compliance with the rule.

The rule is intended to aid transparency and strengthen customer due diligence requirements. Since the rule’s issuance, financial institutions have grappled with guidance issued by the U.S. Treasury Department regarding the rule and its practical application, particularly to so-called “triggering events.” 

Whether you have questions about the rule or you want to reassure yourself that your institution has met all of the expectations and requirements, don’t miss this informative and timely webinar.

Speakers will provide:

  • Details on implementation challenges and opportunities for financial institutions.
  • Guidance and interpretations of what’s already been done and what still needs to happen.
  • Information on FinCEN’s expectations as time goes on.
  • … And much more!

Speakers

Elaine Phifer, JD, CAMS
Assistant Vice President & Compliance Officer, Federal Reserve Bank of Atlanta

Amy Sawicki, CAMS
VP & BSA/AML Officer, Level One Bank

Tim Thorson, AAP, CTP
SVP & Manager, ACH Operations, Regions Financial Corporation

Register Now

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2018-08-23 2018-08-23 13:30:00 America/Detroit Navigating the Intricacies of the Beneficial Ownership Rule August 23, 201812:00-1:30 PM CT7:00-8:30 AM HST$199 Member/$398 Non-Member May 11, 2018 marked the deadline for financial institutions to achieve mandatory compliance with the final Beneficial Ownership Rule under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements. Achieving compliance may require changes to your institution’s policies, procedures and processes, and the examiners are anxious to assess your compliance with the rule. The rule is intended to aid transparency and strengthen customer due diligence requirements. Since the rule’s issuance, financial institutions have grappled with guidance issued by the U.S. Treasury Department regarding the rule and its practical application, particularly to so-called “triggering events.”  Whether you have questions about the rule or you want to reassure yourself that your institution has met all of the expectations and requirements, don’t miss this informative and timely webinar. Speakers will provide: Details on implementation challenges and opportunities for financial institutions. Guidance and interpretations of what’s already been done and what still needs to happen. Information on FinCEN’s expectations as time goes on. … And much more! Speakers Elaine Phifer, JD, CAMSAssistant Vice President & Compliance Officer, Federal Reserve Bank of Atlanta Amy Sawicki, CAMSVP & BSA/AML Officer, Level One Bank Tim Thorson, AAP, CTPSVP & Manager, ACH Operations, Regions Financial Corporation ----