Unpacking New Beneficial Ownership Guidance In-Depth

Compliance Frontline & New Accounts IRA Lending Operations Senior Management

On-Demand Webinar

StreamedDec 18, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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The deadline is looming.

Do you understand the new beneficial ownership rules and what has to be done? Does your institution have a plan for the impact on business accounts? If you’re not working on policies and procedures, you should be. Get guidance from BSA expert Debbie Crawford before the January 1, 2024, rule change.

WEBINAR HIGHLIGHTS:

What your accountholder has to know and do
In-depth look at equity owners who own or control more than 25% of a business
Detailed review of substantial control persons who directly or indirectly control the reporting business
Difference between exclusions and exemptions
Banking regulations status report
Access to the national database — what is known as of December 18^th
Working with accountholders to complete customer due diligence in a transition year
Policy, procedure, and processes — what you should be working on
Complete and detailed report on what should be done at year-end

WEBINAR DETAILS

As beneficial ownership reporting rules approach the January 1, 2024, deadline, what should accountholders know and do for registration on this new system? This webinar will take a comprehensive look at what is known at year-end and what you should be doing to work with your reporting companies as the registration date approaches. Join us for a look at the regulations, the FAQs, the Small Entity Compliance Guide, and any other relevant information available by the date of the webinar (December 18, 2023).

WHO SHOULD ATTEND?

This timely program will benefit BSA officers, BSA staff, branch operations staff, branch administration personnel, senior management, trainers, branch staff, and anyone involved in opening accounts or making loans.

TAKE-AWAY TOOLKIT

Regulation supplement
Accountholder action plan
Business account procedures manual
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Deborah L. Crawford