BSA/AML: Beneficial Ownership and Customer Due Diligence

$55.00

SKU: 10113 Category: Tag:

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

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