Dissecting Beneficial Ownership Access: Final Part II Regulation & Compliance Guide
This webinar is your opportunity to learn all about Part II and how it applies to companies, their owners, and applicants. Now is a good time to ensure smooth implementation and compliance.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Understand authorized use of beneficial ownership information in your institution
- Identify the limits on redisclosure of information
- Break down security and confidentiality requirements
- Explain the requirements for foreign requests for information
- Gain accountholder consent
- Set procedures for FinCEN certification
- Avoid the high cost of violating these requirements
WEBINAR DETAILS
The Part II Access Rule, issued on December 22, 2023, implements the provisions of the Corporate Transparency Act (CTA), codified at 31 U.S.C. 5336, that authorize certain persons to obtain access to identifying information associated with reporting companies, their beneficial owners, and company applicants. This program will dissect this second piece of the implementation of the BSA beneficial ownership regulations. At the time of this writing, Part III, the rule for financial institutions, has not been issued.
