What does 2024 bring for beneficial ownership rules? We’ll discuss which businesses have to register on FinCEN’s BOSS portal, and unpack other important updates in this webinar.
Training
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.
Your summer might be heating up but so are BSA/AML/OFAC issues! Learn about EFE guidance and expectations as our seniors experience scams and fraud. Plus, we will update you on the status of beneficial ownership.
Beneficial ownership rules are changing but not yet. You have front-line staff and officers making mistakes on the form on the documentation. What are the common errors on beneficial ownership? How do we prevent them? What are the regulator's expectations? This program is designed to straighten out the good, the bad, and the ugly with beneficial ownership certification and CIP. You will leave with a CDD Handbook and a Business Account Handbook.
Alert! Update on Beneficial Ownership will be included! There are many types of business accounts with many different ways to do business today. It can be challenging to determine who is authorized to open, close, and transact business when dealing with so many business entities.
2024 brings many new issues for the BSA team. Beneficial ownership rules continue to drop out in increments. We have heightened security on OFAC matches in our system because of the world’s political climate. We continue to deal with new areas such as marijuana and convertible virtual currency. Get updated on these issues and more.
As part of your annual BSA training, we will revisit and refresh on beneficial ownership for legal entities.
Catch your front-line branch staff and lending teams up on BOI!
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We offer over 450+ live and OnDemand webinars per year for bankers covering topics such as compliance, employee development, coaching, BSA/AML, lending, bank call reporting, TRID, as well as trending hot topics like pandemic preparedness, the Cares Act, regulation updates and much more! Delivered by respected financial services industry experts, our webinars are timely, relevant and always engaging.
