Determining a Legal Entity for Purposes of Beneficial Ownership

Jul 06, 2018 11:00am -
Jul 06, 2018 12:30pm
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

FinCEN's beneficial ownership rules, effective May 11, 2018, require your institution to maintain written procedures to identify and verify the beneficial owners of legal entities that open accounts at your institution. The new rules specifically define what types of businesses are considered legal entities and outline a two-prong test for determining beneficial ownership.  This webinar will clearly explain, with examples, which entities are covered by the rules and define the specific documents needed to properly identify and verify beneficial owners.


  • Learn what constitutes sufficient due diligence under the new rules

  • Explanation of each type of legal entity covered by the new rules and practical examples of the information needed to identify and verify them

  • Required tests to determine beneficial ownership and examples of the information needed to identify and verify them

  • When can you rely on information and documentation already contained in your records?

  • Sample provisions to add to your Certification of Beneficial Ownership to reduce your administrative burden on automatically renewable accounts

Take-Away Toolkit

  • Official Certification of Beneficial Owner[s] form published by FinCEN
  • Additional provisions to the Certification of Beneficial Owner[s] form for automatically renewable accounts
  • Recent FAQs published by FinCEN
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

Who Should Attend?

This informative session will be useful to all deposit operations personnel, account service representatives, compliance personnel, auditors, attorneys, and managers.

Registration Options:

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Apr 30, 2018.
Regular registration starts on May 01, 2018 and ends on Jun 10, 2018.
Late registration starts on Jun 11, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00