How to Comply with the new Beneficial Ownership Requirements
Recent legislation now requires the disclosure of individuals who exert a significant controlling or ownership interest in legal entities when acquiring banking or other financial services. These new requirements are intended to prevent money laundering, corruption, and tax evasion. The webinar will examine the requirements and how your institution can comply.
Why Should You Attend
New financial regulations require that legal entities include a listing of individuals who have beneficial ownership (ownership or control) over a legal entity. Failure to comply may result in substantial fines and penalties.
Objectives of the Presentation
- What is beneficial ownership
- Determining who to include as a beneficial owner
- Reporting beneficial ownership
- Conducting due diligence
- Monitoring changes in ownership
Areas Covered in the Session
- What is beneficial ownership
- What are the new legal requirements
- Establishing beneficial ownership and due diligence
- Creating a framework for compliance
Who Will Benefit
- Compliance Officers
- » Risk Managers
- » Customer Relationship Staff
- » Bankers
- » Senior management
- » Non-bank financial industry
- » Customer relationship managers
Speaker and Presenter Information
Kenneth Barden is an attorney and a Certified Anti-Money Laundering Specialist (CAMS). He has over 37 years of professional experience, both within the US and internationally. His primary focus has been on compliance, financial integrity, and public financial management development. He has taught related courses at professional conferences, conducted webinars, and written several articles in professional technical publications.
Relevant Government Agencies
Other Federal Agencies, Federal Government
Event Type
Webcast
This event has no exhibitor/sponsor opportunities
When
Tue, Jun 22, 2021, 1:00pm - 2:00pm
ET
Website
Click here to visit event website
Organizer
AbideEdict
