FinCEN`s New CDD Rule - The New Fifth Prong of the AML 2019

Topics

• Overview of the new 5th prong/pillar
• The existing 4 prongs/pillars of AML per the BSA
• Purposes, per FinCEN
• Triggers that caused this expansion of regulations
• New Requirements
  • Updating
  • Risk profiles
  • Transaction monitoring
  • Baseline/normal transactions
• Three covered entity types
  • Beneficial owners
  • Customer legal entity
  • Exclusions
  • Controling persons

Who should Attend

• Legal
• Risk Management
• Compliance
• Regulatory
• Audit