Beneficial Ownership Update – It’s Complicated!
What does 2024 bring for beneficial ownership rules? We’ll discuss which businesses have to register on FinCEN’s BOSS portal, and unpack other important updates in this webinar.
Business owners begin registering their businesses on January 1, 2024, through a portal on FinCEN’s website called BOSS. This secure system is unlike the MSB registration which is a much more public database. Which businesses have to register? When do they have to register? Do financial institutions have to do anything? Are we going to live with two beneficial ownership rules and for how long? All these questions and any updates will be addressed during this webinar.
What You’ll Learn
- Who has to register?
- What are the exemptions, exceptions, and exclusions?
- Who is an owner or control person?
- What about trusts?
- Has the banking rule been produced yet?
- Do we use the old rule while companies use the new rule?
- Learn about everything we have on beneficial ownership in 2024
Who Should Attend
Business lines, BSA, Compliance, Deposit and Loan Operations, and Management personnel will find this webinar valuable.
Presenter
Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.
Registration Options
- Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $299
- Available Upgrades:
- 12 Months OnDemand Playback + $120
- 12 Months OnDemand Playback + Digital Download + $150
- Additional Live Access + $85 per person