Beneficial Ownership Rule and CTR Changes – The Fifth Pillar of BSA

Jan 19, 2018 12:00pm -
Jan 19, 2018 01:15pm
(GMT-5)

Event Description

Beneficial Ownership is a critical component of the Bank Secrecy Act, referred to as “The Fifth Pillar”. Many banks and credit unions are now preparing for the new Beneficial Ownership Rule which becomes mandatory in May 2018. Robin Guthridge CAMS CRCM, takes attendees through every aspect of this new Rule, along with a detailed Action Plan that financial institutions can use to ensure compliance. Additionally, Robin discusses the new CTR requirements that went into effect recently and what every financial professional needs to know about these changes! Finally, Robin touches on proposed changes and important information related to proposed SAR changes as well as Email Compromise Fraud.

This critically important webinar was recorded by BankersHub live during the annual Mile High Summit, August 1, 2017 by the Independent Bankers of Colorado. Every registrant for this replay will get the handout AND the recorded video playback of this presentation.

Attendees will hear details on:

  • Definition and components of the Beneficial Ownership Rule
  • The 2 prongs presented
    • Ownership Prong
    • Control Prong
  • Beneficial Ownership Rule Requirements and Exclusions
  • Certification examples
  • Record-keeping requirements for account holders
  • Action planning steps for compliance!
  • Currency Transaction Report (CTR) updates and changes
  • Proposed Suspicious Activity Report (SAR) changes
  • Email Compromise Fraud (FIN-2016-A003) defined

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 Dec 07, 2017.
Regular registration starts on Dec 08, 2017 and ends on Jan 22, 2018.
Late registration starts on Jan 23, 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