Compliance Challenges with FinCEN's Beneficial Ownership Database
- Jan 31, 2024 11:00 a.m.
- Central Time (CT)
Webinar
Course Level
Basic
Basic
Delivered via
Online
Online
Duration
50 minutes
50 minutes
Compliance Challenges with FinCEN's Beneficial Ownership Database
Description
Beginning in January 2024, reporting rules for millions of companies are changing. The long-awaited Beneficial Ownership Registration requirements laid out by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) will immediately affect an estimated 32.6 million reporting companies with an additional five million entities being added every year. These new obligations create a new set of compliance concerns and challenges that require immediate action in order to remain compliant with these new standards.
In this webinar, Thomson Reuters experts Todd Ehret, senior regulatory intelligence expert, and Brett Wolf, senior financial crime correspondent, will discuss how FinCEN’s new reporting procedures will affect financial institutions in 2024 and beyond.
Prerequisites
None.
You Will Learn How To:
Navigate the latest developments and current state of FinCEN’s regulations.
Identify challenges facing financial institutions, such as new verification obligations that increase anti-money laundering concerns.
Recognize conflicts or implications with existing laws and regulations.
Plan deadlines for compliance in the future.
Sponsor Information
CPE Information
| CPE Credit: | 1 |
|---|---|
| Advanced Preparation: | None |
| Delivery Method: | Group Internet Based |
Credit by Field of Study
| Specialized Knowledge: | 1 |
|---|
Presenters
Brett Wolf - Speaker
Senior Financial Crime Correspondent
Thomson Reuters
Todd Ehret - Speaker
Senior Regulatory Intelligence Expert
Thomson Reuters
Policies
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Terms and Conditions
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