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Alert! Beneficial Ownership Evolution – New Interim Final Rule

Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.

Upcoming
Friday, June 27th, 2025
10:00 am - 12:00 pm
Presented by Deborah Crawford
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • General Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Marketing Officer/Business Development
  • New Accounts Representative
  • Security Officer
  • Senior Management
  • Training Manager
  • Trainer

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In this interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that have registered to do business in any U.S. State or Tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”).

FinCEN also exempts entities previously known as “domestic reporting companies” from BOI reporting requirements. During this webinar, learn what you need to know and do for BSA requirements! What stays and what goes for your financial institution.

What You'll Learn

  • New definitions
  • What companies will report on the federal level
  • What companies will still be required to report on the Certification Form at financial institutions
  • Sample policy changes
  • Check list for foreign entities
  • CIP and CDD for foreign entities

Who Should Attend

This session is ideal for BSA officers, BSA staff, operations, compliance, training, and business development.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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