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North Shore Consumer Credit Association's April Meeting

April 12, 2018 @ 5:00pm

Location: Toscana's Ristorante, Peabody, MA 01960

Erica M. Torres, CRCM will be speaking on the topic of Beneficial Ownership.

In May 2016, FinCEN issued the final rule on beneficial ownership thereby increasing the requirements for customer due diligence and creating a fifth pillar for Anti-Money Laundering Programs. Beginning May 11, 2018, covered institutions are required to comply. This discussion will guide you through what you should be doing now to prepare for the change. 

Topics of discussion include:

  • Overview of the final rule
  • Breakdown of Legal Entity Customers’ Beneficial Owners
  • Identification and Verification Requirement’s
  • Policies & Procedures; ongoing monitoring and customer due diligence

For more information on this event, click here.