Customer Due Diligence Requirements for Financial Institutions: Practical Tips and Strategies You Need to Know
The May 11, 2018 final applicability date of FinCEN’s Customer Due Diligence Rule (“CDD Rule”) will be here quicker than you think. With that in mind, financial institutions should be considering what needs to be done now to ensure that they are in full compliance with the rule by that date.
Join a panel of key thought leaders and professionals assembled by The Knowledge Group that will provide practical advice and tips on:
Building a Customer Profile, including:
Understanding who is a legal entity customer
Who is a beneficial owner of a legal entity customer
When and how beneficial owners are verified
How is beneficial ownership verified
Understanding the nature and purpose of the customer relationship
Using the Customer Profile, including how to conduct and use:
Routine transaction monitoring; and
Monitoring Triggered Update of Customer Information
Technology Considerations, including
Changes and enhancements to systems; and
REGISTRATION FEE: Registration is FREE courtesy of Navigant Consulting.
DISCOUNT CODE: NAVIGANT146833
Please note, complimentary passes are available for the first 30 registrants. Once all of the passes are used, attendees can register for the deeply discounted rate of $25 each courtesy of Navigant Consulting, Inc.
Note: If CE credit is needed, there is a minimal fee for processing. $50 for CLE, CPE, SHRM and other CE credit processing in all states except: $125 for CLE processing in the state of Virginia, $75 for CLE processing in Montana, South Carolina, and HRCI credit processing. Late penalty fees for IL, TX and WA not included.