Beneficial Ownership Update – A Review of New Requirements


Webcast Information 

Start Time: June 22, 2016 11:00 AM EST
End Time: June 22, 2016 12:00 PM EST

Registration has ended for this event.

Summary

This course will take a detailed look at the new FinCEN, EU and OFAC beneficial ownership requirements. In addition, FinCen’s new rule on beneficial ownership (“Customer Due Diligence Requirements for Financial Institutions”), its recent Geographic Targeting Order on real estate and the EU’s Fourth Anti-Money Laundering Directive (“AMLD IV”) all set the ownership threshold at 25%. Yet, FATCA has a 10% threshold while OFAC’s threshold could be even lower. How should financial institutions and their compliance officers cope with these divergent requirements?

Featured Speaker

  • Steven Lewis, CPA, MBA, CAMS | Senior Manager, Mazars USA LLP

Watch this Webcast Now

Additional Information

Upon completion of this webcast, participants will be able to:

  • Determine if their financial institutions are covered by FinCEN’s new CDD regulations
  • Understand FinCEN’s definition of "Legal Entity" and the implications of such a definition
  • Comply with the OFAC requirements on "Shadow SDNs" and determine differences between regulations and Q+A
  • Explain the impact of different regulatory regimes (FinCEN, EU, FATCA, OFAC)
  • Determine the applicability of exemptions in FinCEN regulations

Recommended CPE Credits: 1.0 CPE credits
Recommended Field of Study: Specialized Knowledge and Applications
Prerequisites: None
Advanced Preparation: None
Who Should Attend: Compliance Officers, Legal Counsel, Internal Auditors, Operations and Branch Personnel with Customer Onboarding Responsibilities
Program Level: Basic
Delivery Method: Group – Internet Based
Payment Information: There is no cost to attend this Mazars webcast

For More Information

Contact: Shawn Garcia
Phone: 212.375.6993
Email: Shawn.Garcia@mazarsusa.com







Beneficial Ownership Update – A Review of New Requirements

Webcast Information 

Start Time: June 22, 2016 11:00 AM EST
End Time: June 22, 2016 12:00 PM EST

Registration has ended for this event.

Summary

This course will take a detailed look at the new FinCEN, EU and OFAC beneficial ownership requirements. In addition, FinCen’s new rule on beneficial ownership (“Customer Due Diligence Requirements for Financial Institutions”), its recent Geographic Targeting Order on real estate and the EU’s Fourth Anti-Money Laundering Directive (“AMLD IV”) all set the ownership threshold at 25%. Yet, FATCA has a 10% threshold while OFAC’s threshold could be even lower. How should financial institutions and their compliance officers cope with these divergent requirements?

Featured Speaker

  • Steven Lewis, CPA, MBA, CAMS | Senior Manager, Mazars USA LLP

Watch this Webcast Now

Additional Information

Upon completion of this webcast, participants will be able to:

  • Determine if their financial institutions are covered by FinCEN’s new CDD regulations
  • Understand FinCEN’s definition of "Legal Entity" and the implications of such a definition
  • Comply with the OFAC requirements on "Shadow SDNs" and determine differences between regulations and Q+A
  • Explain the impact of different regulatory regimes (FinCEN, EU, FATCA, OFAC)
  • Determine the applicability of exemptions in FinCEN regulations

Recommended CPE Credits: 1.0 CPE credits
Recommended Field of Study: Specialized Knowledge and Applications
Prerequisites: None
Advanced Preparation: None
Who Should Attend: Compliance Officers, Legal Counsel, Internal Auditors, Operations and Branch Personnel with Customer Onboarding Responsibilities
Program Level: Basic
Delivery Method: Group – Internet Based
Payment Information: There is no cost to attend this Mazars webcast

For More Information

Contact: Shawn Garcia
Phone: 212.375.6993
Email: Shawn.Garcia@mazarsusa.com

 

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