CDD and its expansion by the AML Act of 2020

Speaker

Instructor: Jim George
Product ID: 705602

Location
  • 15
  • July 2021
    Thursday
  • 09:00 AM PDT | 12:00 PM EDT
    Duration: 60 Min
The FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD. This webinar will present various aspects of the requirements.
LIVE ONLINE TRAINING

July 15, Thursday 09:00 AM PDT | 12:00 PM EDT
Duration: 60 Min

 

$199.00
One Dial-in One Attendee

$899.00
Group-Max. 10 Attendees/Location
(For multiple locations contact Customer Care)

$299.00

$399.00

$229.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section 48 hrs after completion of Live training
(For multiple locations contact Customer Care)

Last Recorded Date: Jul-2021

$349.00
1 USB is for usage in one location only. info CD/USB and Ref. material will be shipped within 15 business days after completion of Live training
(For multiple locations contact Customer Care)

 

 

Customer Care

Fax: +1-650-362-2367

Email: [email protected]

Read Frequently Asked Questions

Why Should You Attend:

It goes far beyond knowledge of the Customer Legal Entity to the Beneficial Owner of that entity and its Controlling Persons. It is focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline “normal” activity for the customer type. It is very unlikely that many banks already comply with these requirements.

The new requirements are formidable. They will impact commercial, small business, private, and international banking areas of the Banks as well as compliance officers and areas currently performing KYC tasks. New research will be required on new entities never addressed before in customer acceptance.

Areas Covered in the Webinar:

  • The existing 4 prongs/pillars of AML per the BSA
  • Overview of the new 5th prong/pillar
  • Triggers that caused this expansion of regulations
  • Purposes, per FinCEN
  • Three covered entity types
    • Customer legal entity
    • Beneficial owners
    • Controlling persons
    • Exclusions
  • New Requirements
    • Risk profiles
    • Updating
    • Baseline/normal transactions
    • Transaction monitoring

Who Will Benefit:

  • Fraud
  • Compliance and AML
  • VP
  • Manager
  • Director
  • Supervisor
Instructor Profile:
Jim George

Jim George
Independent consultant, George Consulting LLC

Jim George brings over 25 years of experience as a consultant to major banks in areas including AML (anti-money laundering) compliance, detection and investigation. His background includes work in bank operations and payments strategy, reengineering, systems, and quality improvement. Jim in an independent consultant having prior experience as an Associate Partner at IBM, PriceWaterhouse-Coopers Consulting and Andersen Consulting. He participated in a major Federal Justice Department AML Task Force in Miami, Florida.

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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

 

 

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