LBA Product Details

2026 FinCEN Reduces BSA Beneficial Ownership Certification Burden

2026 FinCEN Reduces BSA Beneficial Ownership Certification Burden
Recorded 3/27/2026 - Speakers Debbie Crawford and Leslie Nicely, gettechnical
Member fee: $165
Nonmember fee: $265
The recording will be available for download in your cart after purchase is completed.

On February 13, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order granting relief to covered financial institutions from certain requirements under FinCEN’s Customer Due Diligence Requirements for Financial Institutions rule (the “2016 CDD Rule”). The order exempts covered financial institutions from the requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account.

Under the order, a covered financial institution is required to identify and verify the beneficial owners of a legal entity customer in only the certain circumstances. Learn what you need to do to get into compliance. Change your policy and procedures for BSA Customer Due Diligence.

Topics include:

• Review of Changes
• Learn how to implement your business account procedures
• Acquire information to change your BSA policy and procedures
• Elimination of excess revisiting of beneficial ownership

Discounted member price: 165.00
265.00
You could save: 37%