The Knowledge Group Has Scheduled a Live Webcast on New Customer Due Diligence (CDD) Requirements for Financial Institutions: Practical Tips and Strategies
The Knowledge Group Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: The New Customer Due Diligence (CDD) Requirements for Financial Institutions: Practical Tips and Strategies LIVE Webcast. This event is scheduled on August 16, 2018 at 12:00 PM - 1:00 PM ET.
- New York, NY (1888PressRelease) July 17, 2018 - 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
Speakers/Faculty Panel
Tim O’Neal Lorah
Managing Director
Navigant Consulting, Inc.
Dana Twomey
Senior Manager
West Monroe Partners
For an updated list of the faculty panel, please visit:
https://www.theknowledgegroup.org/webcasts/the-new-customer-due-diligence/
About The Knowledge Group Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
Visit http://theknowledgegroup.org/ for further information and inquiry.
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