Beneficial Ownership Final Rule: Details & Deadlines
On-Demand Webinar
StreamedJan 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
Do you know where FinCEN, CTA, and BOI intersect?
Do you
know the ins and outs of FinCEN’s beneficial ownership rules changes? This webinar will explain how the reporting
provisions will further combat illicit use of the U.S. financial system. Learn the specific beneficial ownership
reporting deadlines and details with this in-depth program.
WEBINAR
HIGHLIGHTS:
- Who is a reporting company?
- What are the exemptions from reporting?
- Detailed analysis of what a substantial owner is and who is a 25% owner
- Two types of company applicants
- Four pieces of information that must be provided
- How the FinCEN identifier will be issued
- Timing and the next steps for implementation
WEBINAR DETAILS
On September 29, 2022, the Financial Crimes
Enforcement Network (FinCEN) issued a final rule implementing the bipartisan
Corporate Transparency Act’s (CTA) beneficial ownership information (BOI)
reporting provisions. The rule enhances
the ability of FinCEN and other agencies to protect U.S. national security and
the U.S. financial system from illicit use. It provides essential information to national security, intelligence,
and law enforcement agencies; state, local, and tribal officials; and financial
institutions to help prevent drug traffickers, fraudsters, corrupt actors (such
as oligarchs), and proliferators from laundering or hiding money and other
assets in the United States.
The rule describes who must file a BOI report, what
information must be reported, and when a report is due. Specifically, the rule requires reporting
companies to file reports with FinCEN that identify two categories of
individuals: (1) the beneficial owners of the entity; and (2) the company
applicants of the entity. This comprehensive
webinar will cover all the particulars.
WHO SHOULD ATTEND?
This detailed session
will benefit BSA officers, BSA staff, trainers, compliance staff, and operations
personnel.
TAKE-AWAY TOOLKIT
- Beneficial Ownership Final Rule Manual, volume 1
- 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.
TESTIMONIALS
"The amount of information that was provided for this new rule was excellent."
- Alina, Desjardins Bank
Presented By
Gettechnical Inc
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