Description

Provides information on FinCENs CDD Rule that amends existing BSA regulations, and requirements to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions. Describes the fifth pillar requirements under the CDD Rule and the four core elements of customer due diligence.
What You’ll Learn
After completing this course, students will be able to:

Explain the application of the beneficial ownership rules

Identify legal entity customers and describe the two prongs used to determine beneficial ownership

Explain how the CDD Rule expands and strengthens current CDD requirements

Additional information

Audience	All frontline and customer facing staff who open accounts for legal-entity customers as well as bank staff responsible for ongoing due diligence on all bank customers.
Credits	0.75 CAFP, CRCM
Member Price	55.00
Non-Member Price	75.00
Course Number	ABA
Location	Online Self-Paced
Vendor	ABA
Course Code	ABA
Prerequisites	None
Day	Online