Purchase any WEBINAR and get
10% Off
Validity : 23rd Mar'24 to 02nd Apr'24
1.Customer legal entity
2.Beneficial owners
3.Controlling persons
4.Exclusions
1.Risk profiles
2.Updating
3.Baseline/normal transactions
4.Transaction monitoring
The FinCEN has issued substantial new AML requirements focused on a major expansion of Know Your Customer into what is now Customer Due Diligence, CDD. This webinar will present various aspects of the requirements.
It goes far beyond knowledge of the Customer Legal Entity to the Beneficial Owner of that entity and its Controlling Persons. It is focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline “normal” activity for the customer type. It is very unlikely that many banks already comply with these requirements.