Tim O’Neal Lorah, Managing Director, Navigant Consulting, 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 Tim O’Neal Lorah, Managing Director, Navigant Consulting, Inc. 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 Tim O’Neal Lorah
Tim O'Neal Lorah is a Managing Director in the Global Investigations & Compliance Practice in New York. He has over 18 years of experience in the financial crime compliance arena, having served as a Managing Director and Global Head of Financial Crime Compliance at both Morgan Stanley and Barclays. In those roles, Mr. Lorah led the strategic direction, oversight and coordination of the global financial crime program across all product and business lines, including business and corporate banking, institutional securities, private wealth management and retail brokerage. He was the senior point-of-contact with U.S. and non-U.S. regulatory agencies, law enforcement and external bodies worldwide on matters relating to AML, economic sanctions, anti-bribery and financial crime compliance. Mr. Lorah was also a member of the U.S. Delegation to the FATF/MONEYVAL Experts’ Meeting on Money Laundering and Terrorist Financing Typologies in Monaco, delivering a presentation on Money Laundering and Terrorist Financing Risks in the U.S. Securities Industry.
About Navigant Consulting, Inc.
Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.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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