Member Fee (Live or Recording): $165 per connection
Non-Member Fee (Live or Recording): $265 per connection
FinCEN issued a Notice of Proposed Rulemaking to give the public an opportunity to review and comment on the proposed rule to implement the CTA’s beneficial ownership information (BOI) reporting provisions. The proposed rule would significantly enhance the ability to protect the U.S. financial system from illicit use, and provide essential information to law enforcement and others help prevent corrupt actors, terrorists, and proliferators from hiding money or other property in the United States. Requiring entities to submit beneficial ownership information to FinCEN and providing timely access to this information to law enforcement, financial institutions, and other authorized users is intended to help combat corruption, money laundering, terrorist financing, tax fraud, and other illicit activity.
During this webinar, we will look at the proposed rule line-by-line and its key elements. We will cover the changes that may require updates in your policies, procedures and processes when it finalizes.
Comments due by February 7, 2022.
Highlights include:
- Line-by-line look at the proposed regulation
- Key elements
- Definitions
- What is a reporting company?
- Who are beneficial owners?
- Who is the company applicant?
- Requirements for companies
- Next steps
BSA Officers, BSA Staff, Deposit and Loan Operations, Compliance and Branch Administration
Debbie Crawford is the President of gettechnical, Inc. a Baton Rouge-based firm, specializing in the education of banks and credit unions across the nation. Her 27+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor's and master’s degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.