A line-by-line look at the new AML Act of 2020 passed in 2021 beneficial ownership requirements and definitions. We will compare the definitions, the exemptions, and the exclusions in the two sets of laws. Our new regulations based on this act should be released in early 2022. But we will look at the two side by side today to see what changes could be in store for us.
Plus, you still have to comply with current rules on beneficial ownership till the regulations are released to match the AML Act of 2020. So we will take a look at some of the problem areas in the current environment.
Attendees will receive a CDD Handbook.
- Line-by-line look at the new beneficial ownership provision in the AML Act
- 25 Common Errors
- Changes since its implementation - renewals, rollovers, and special situations
- Who is in and who is out today? Who is in and out tomorrow?
- How the form is being completed incorrectly
- Navigating the examinations
- Multi-tiered businesses, intermediaries, and trusts
- And much more
Who Should Attend?
Compliance, BSA, Deposit Operations, New Accounts, Personal Bankers, Loan Officers, Branch Staff and Training.
Deborah Crawford is the President of Gettechnical Inc., a Virginia-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 30+ years of combined teaching and banking experience.
- “Live” Web connection - $265
- 6-month “OnDemand” website link only - $295
- CD-ROM and e-materials only - $345
- Live plus OnDemand website link - $365
- Premier Package: Live, OnDemand link, and CD-ROM plus - $395