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Beneficial Ownership Update: Where Are We Now?

A line-by-line look at the new AML Act of 2020 passed in 2021 beneficial ownership requirements and definitions. We will compare the definitions, the exemptions and the exclusions in the two sets of laws.

OnDemand
Recorded Tuesday,
June 1st, 2021
Presented by Deborah Crawford
2h total length
2 CAMS Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • New Accounts Representative
  • Private Banker
  • Small Business Lender
  • Trainer

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A line-by-line look at the new AML Act of 2020 passed in 2021 beneficial ownership requirements and definitions. We will compare the definitions, the exemptions and the exclusions in the two sets of laws. Our new regulations based on this act should be released in early 2022. But we will look at the two side by side today to see what changes could be in store for us.

Plus, you still have to comply with current rules on beneficial ownership till the regulations are released to match the AML Act of 2020. So we will take a look at some of the problem areas in the current environment.

The Beneficial Ownership Update: Where Are We Now? has been approved for 2 CAMS credits. Credits are redeemable for Live attendance only. Users must connect to the streaming individually and enter their name and email for reporting purposes. Accreditation is valid for one year from the date of the event. To receive a certificate, email Streaming@OnCourseLearning.com.

What You'll Learn

  • Line by Line look at the new beneficial ownership provision in the AML Act
  • 25 Common Errors
  • Changes since its implementation Renewals, rollovers, and special situations
  • Who is in and who is out today? Who is in and out tomorrow?
  • How the form is being completed incorrectly
  • Navigating the examinations
  • Multi-tiered businesses, intermediaries and trusts
  • And much more..

What you will receive:

  • CDD Handbook

Who Should Attend

Compliance, BSA, Deposit Operations, New Accounts, Personal Bankers, Loan Officers, Branch Staff and Training.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

Continuing Education Credit Information

Beneficial Ownership Update: Where Are We Now? has been approved for 2 CAMS credits. Credits are redeemable for Live attendance only. Credit is for Live attendance only. Accreditation is valid for one year from the date of the event. For questions on certificates, please email support@oncourselearning.com.

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