This webinar explores the new FinCen rule that went into effect on July 11, 2016 clarifying and strengthening customer due diligence requirements. This webinar serves as a training tool you can share with your credit union’s staff to ensure compliance by the May 11, 2018 implementation deadline.
The topics covered in this course include:
- Overview of the new rule
- Definitions of “Legal Entity Customers” and “Beneficial Owners”
- The anti-money laundering requirements
- Key steps to reach compliance
Suggested audience: Operations/compliance staff, branch managers, business loan officers, new accounts staff, and any member services staff who open business deposit accounts or take business loan applications.
Length: 13 minutes