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Live Webinar

90-minute live streaming program
  • June 13
  • 1:00 - 2:30 pm EST

BSA/AML Beneficial Ownership Rules

June 13

Gain a better understanding of FinCEN’s CDD Rule that amends existing BSA regulations.

It has been one year since covered entities have been required to comply with the requirements the Financial Crimes Enforcement Network’s (FinCEN) customer due diligence rule (CDD Rule). As covered entities have implemented the CDD rule over the last year, questions have arisen in real time as to the CDD Rule’s scope, application, and exclusions. This topic is intended to provide covered entities and their customers with an overview of the CDD Rule’s requirements, best practices, and insight into what practitioners have seen when implementing the rule. In addition, it provides an overview of what regulators may potentially review when examining covered entities for compliance with the rule.

Learning Objectives

  • You will be able to identify practical changes needed to agreements and to policies in order to address the real world application of the customer due diligence rule.
  • You will be able to review applicable exceptions from the rule’s requirements to facilitate your business needs.
  • You will be able to explain the rule’s requirements to your customers (if you have subject to the rule) or explain why the rule does not apply to you (if you are customer subject to an exception).
  • You will be able to recognize potential regulatory questions that come from the rule’s implementation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Customer Due Diligence Rule
  • Rule Requirements
  • Implementation
  • Practical Considerations
What We've Seen in the Year Since Mandatory Compliance
  • Covered Entity Considerations
  • Legal Entity Customer Considerations
What We Expect From Regulators
  • Risk Profiles
  • Reliance on Exceptions From Rule Requirements
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: basic knowledge of the banking industry. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for presidents, compliance officers, vice presidents, branch managers, business owners and managers, loan officers, loan department personnel, mortgage brokers, underwriters.

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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ignacio A. Sandoval

Ignacio A. Sandoval

Morgan, Lewis & Bockius LLP

  • Partner in the Washington D.C. office of Morgan, Lewis & Bockius LLP
  • Practice emphasizes all aspects of broker-dealers and securities intermediaries regulatory and compliance obligations, including antimoney laundering requirements, trading activities, financial responsibility and recordkeeping, margin and other requirements
  • Conducts regular seminars and workshops on numerous issues related to broker-dealer and securities intermediary compliance with federal and state law requirements, and self-regulatory organization rules
  • Author of several publications related to the areas of broker-dealer and securities intermediary regulation, including antimoney laundering requirements, trading activities, financial responsibility and recordkeeping, margin and other requirements
  • J.D. degree, American University, Washington College of Law; B.A. degree, University of California, Los Angeles
  • Can be contacted at [email protected] or 202-739-5201
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More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 405615
Published 2019
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