Newly Released Guidance on CDD Requirements

Apr 25, 2018 11:00am -
Apr 25, 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

On April 3, 2018, the Financial Crimes Enforcement Network (FinCEN) issued long-awaited frequently asked questions (FAQs) regarding its new customer due diligence (CDD) requirements. The revised FAQs were released 28 working days before the CDD rules become effective on May 11, 2018How will these new clarifications impact your CDD implementation plan? The 24-page document includes 37 questions and answers including coverage thresholds, identification and verification steps, collection and retention of beneficial ownership information, exclusions, and CTR reporting. Attend this session to hear vital definitions and requirements for the complex rules based on this new guidance.


  • Review of important definitions and clarifications in the new FAQs
  • Nineteen of the thirty-seven questions mention risk.  Learn about the expectations for measuring risk- related triggers based on the new guidance 
  • Options for the certification process using the form in Appendix A of the rule
  • Learn how and when re-certification of beneficial ownership is required
  • How to correctly confirm pre-existing CIP information for legal entities
  • Satisfy record retention requirements
  • Coverage of automatically renewable CDs as accounts
  • Options to handle renewed loans and CDD information for multiple accounts
  • Learn when subaccounts are considered new accounts
  • Training tips to help employees understand the impact of this guidance

Take-Away Toolkit:

  • FinCEN Guidance FIN-2018-G001 – NEW FAQs issued April 3, 2018
  • CDD checklists under the new rules
  • Template to develop a risk profile
  • Sample CDD policy
  • Template for identifying and verifying beneficial owners
  • 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 is designed for anyone with BSA/AML responsibility, especially designated BSA officers and staff, senior management, security/risk managers, compliance officers, auditors, legal counsel, and trainers.


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 Mar 25, 2018.
Regular registration starts on Mar 26, 2018 and ends on Apr 25, 2018.
Late registration starts on Apr 26, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Additional Hook-Up
Member Fee: $170.00$170.00$170.00
Non-Member Fee: $260.00$260.00$260.00
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 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