Regulatory Update: FINCEN`s New CDD Rule and the New Fifth Prong of the AML Program 2016

Topics

• Determining who are the Beneficial Owners and Control Parties
• Sources of information to validate Beneficial/Control Parties
• Developing an entity risk profile
• How to deal with excluded entities and related parties
• Implementation of the Risk Profile into the BSA AML protocols
• What does the Risk Profile tell and how to use it
• Ongoing Monitoring and Modification of the Risk Profile

Who should Attend

Attendees from:

• Managers and Oversight personnel
• AML/BSA officers
• Brokers
• Legal and Policy Personnel of Banks
• Credit Unions
• Insurance Companies
• Mutual Funds and Investment Groups