Compliance Challenges with FinCEN's Beneficial Ownership Database (On-Demand Webinar)
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Compliance Challenges with FinCEN's Beneficial Ownership Database (On-Demand Webinar)
Description
Reporting rules for millions of companies have changed. The long-awaited Beneficial Ownership Registration requirements launched in January 2024 by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) immediately affected millions of reporting companies with an additional five million entities being added every year. These new obligations created a new set of compliance concerns and challenges that required immediate actions in order to remain compliant with the new standards.
In this on-demand webinar, Thomson Reuters experts Todd Ehret, senior regulatory intelligence expert, and Brett Wolf, senior financial crime correspondent, discuss how FinCEN’s new reporting procedures will affect financial institutions in 2024 and beyond.
Prerequisites
None
You Will Learn How To:
Identify challenges facing financial institutions, such as new verification obligations that increase anti-money laundering concerns.
Navigate the latest developments and current state of FinCEN’s regulations.
Plan deadlines for compliance in the future.
Recognize conflicts or implications with existing laws and regulations.
CPE Information
| CPE Credit: | 1 |
|---|---|
| NASBA Information: | Specialized Knowledge |
| Advanced Preparation: | None |
| Last Updated: | January 2024 |
| Delivery Method: | QAS Self-Study |
Presenters
Brett Wolf - Speaker
Senior Financial Crime Correspondent
Thomson Reuters
Brett Wolf is a senior financial crime correspondent for Thomson Reuters Regulatory Intelligence He joined Thomson Reuters in 2006, with a background covering money laundering for a Miami-based newsletter and website.
Wolf has also partnered with the Reuters news file. An investigative series he co-authored on the role of a multinational bank in laundering hundreds of millions of dollars for Mexican and Colombian drug cartels helped Reuters win the General Excellence award from the Society of American Business Editors and Writers. The series was the foundation of the Netflix documentary "Cartel Bank," part of the "Dirty Money" series, in which Wolf appeared to discuss the case.
Todd Ehret - Speaker
Senior Regulatory Intelligence Expert
Thomson Reuters
Ehret has more than 25 years of experience on Wall Street dealing with both institutional and retail clients. He has held key positions in trading, operations, accounting and compliance for broker-dealers, asset managers and hedge funds. During his career, he has successfully managed several global regulatory inquiries and exams.
Before joining Thomson Reuters, Ehret served for nearly a decade as a chief compliance officer and chief operating officer at a global hedge fund.
Frequently Asked Questions
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Will I earn NASBA Continuing Professional Education (CPE) credit for this Sponsored Webinar?
Due to changes in NASBA's CPE standards, we are currently not issuing NASBA-compliant CPE credit for this course; however, your local licensing body may accept CPE earned by completing the sponsored webinar.
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
ACFE Online Self-Study Courses
Features:
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- The flexibility to start or stop a course and pick-up right where you left off
- No additional shipping fees
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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