Call us at +1-(707)-743-8122

Login Register cart

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.


  • The existing 4 prongs/pillars of AML per the BSA
  • Overview of the new 5th prong/pillar
  • Triggers that caused this expansion of regulations
  • Purposes, per FinCEN
  • Three covered entity types
  • Customer legal entity
  • Beneficial owners
  • Controlling persons
  • Exclusions
  • New Requirements
  • Risk profiles
  • Updating
  • Baseline/normal transactions
  • Transaction monitoring

  • Risk Management
  • Legal
  • Regulatory
  • Compliance
  • Audit

Jim George is an independent consultant to banks focusing on issues of fraud. He brings over 25 years as a consultant to major banks in Associate Partner and Principal roles at PriceWaterhouse-Coopers Consulting, IBM Consulting in Bank Risk and Compliance and Andersen Consulting (now Accenture). He has also been SVP Operations for a Fortis-US division providing outsourcing services to the banking industry. 

Jim's work has included projects in fraud investigation, fraud prevention, identity issues, compliance and AML (anti-money laundering). His background includes work in bank operations and payments strategy, reengineering, systems and quality improvement.

View all trainings by this speaker
 
Live Webinar

Live + Recorded Session

Get unlimited access to the link for one participant, from the date of webinar completion.

$269

Live + Transcript

Get unlimited access to the link for one participant, from the date of webinar completion.

$249

Live + Training CD

Free shipment within 3 to 5 Days from the date of webinar completion.

$450

On Demand

Transcript

PDF Transcript of the Training which are available once the webinar is completed.(Transcript for single user only)

$179

Downloadable Recorded Session

Get unlimited access to the link for six months.

$239

Training CD

Free shipment within 72 Hours, from the date of webinar completion

$350

Group Session

Group Session Participants + Recorded

Live session for 10 participants (For adding extra attendees please contact our Customer Support Team)

$799

  

Upcoming Webinars