Dana Twomey, Senior Manager, West Monroe Partners, to Speak at TKG’s New Customer Due Diligence (CDD) Requirements for Financial Institutions LIVE Webcast
The Knowledge Group Live Webcast Series has announced today that Dana Twomey, Senior Manager, West Monroe Partners will speak at The Knowledge Group’s webcast entitled: “The New Customer Due Diligence (CDD) Requirements for Financial Institutions: Practical Tips and Strategies LIVE Webcast.” This event is scheduled for August 16, 2018 from 12:00 PM - 1:00 PM (ET).
- New York, NY (1888PressRelease) July 17, 2018 - For further details, please visit:
https://www.theknowledgegroup.org/webcasts/the-new-customer-due-diligence/
About Dana Twomey
Dana is a Senior Manager in the Financial Services practice at West Monroe Partners with over 10 years of experience. She has led the development and delivery of BSA/AML program updates and provided strategic guidance to develop roadmaps for maintaining compliance with regulations.
Most recently, Dana has focused on new regulations, helping clients to identify and measure the impacts of changes, and implementing updated policies, processes, procedures and technology.
During prior project experience, Dana used her expertise to evaluate the current state of BSA/AML programs and recommend changes to achieve first-in-class programs. Dana’s knowledge of regulations coupled with her business acumen allows her to provide a balanced, risk-based approach to compliance that supports strong programs and policies, while enabling frontline business.
Dana has a BA from Denison University and an MBA from the University of Notre Dame.
About West Monroe Partners
West Monroe is a progressive business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance.
Our team of more than 950 professionals is comprised of an uncommon blend of business consultants and deep technologists. This unique combination of expertise enables us to design, develop, implement, and run strategic business and technology solutions that yield a dramatic commercial impact on our clients’ profitability and performance. For more information, please visit wmp.com.
Event Synopsis:
With the new and final FinCEN Customer Due Diligence Rule that took effect last May 11, 2018, financial institutions are now required to collect, maintain and report beneficial ownership information. This is to help banks and broker dealers identify and verify the identity of a beneficial owner who are opening a new account. Covered financial institutions are also required by the new CDD rule to implement customer due diligence procedures. The Rule is part of the government’s efforts to address regulatory loopholes in preventing money laundering and terrorist financing activities.
In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide the audience with an in-depth analysis of the fundamentals as well as recent developments surrounding FinCEN's New Customer Due Diligence Rule. They will further explain the four elements of considerations, as identified by FinCEN, when performing due diligence. They will also present best practices and practical tips to avoid common risks and pitfalls.
Key topics include:
• FinCEN’s New Customer Due Diligence Rules – A Sneak Peak
• New CDD Requirements
• CIP vs FinCEN’s New CDD Rule
• Identifying Red Flags
• Common Risks and Pitfalls
• Future Implications
• 2018 Trends, Developments and Updates
About The Knowledge Group, LLC Live Webcast Series
The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: http://theknowledgegroup.org/
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