Beneficial Ownership Rules - Training for Your Staff

Beneficial ownership rules are changing but not yet. You have front-line staff and officers making mistakes on the form on the documentation. What are the common errors on beneficial ownership? How do we prevent them? What are the regulator's expectations? This program is designed to straighten out the good, the bad, and the ugly with beneficial ownership certification and CIP. You will leave with a CDD Handbook and a Business Account Handbook.

Recorded Tuesday,
December 12th, 2023
Presented by Deborah Crawford
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Deposit Compliance
  • Bank Secrecy Act Officer/BSA Specialist
  • Compliance Officer
  • Deposit Operations Manager/Specialist
  • Training Manager
  • Trainer

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Also your staff will receive a brief overview of the new rules for customers. While the banking rules delay, the customer rules are effective at the beginning of the year. Business customers must begin registering with FinCEN in 2024 for the new beneficial ownership rules.

What You'll Learn

  • 25 Common Errors
  • Changes when implemented
  • Renewals, rollovers, and special situations
  • Who is in and who is out today?
  • How the form is being completed incorrectly

Who Should Attend

Compliance, BSA, Deposit Operations, Branch Staff, and Training should attend this training.

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.

Continuing Education Credit Information

Beneficial Ownership Rules - Training for Your Staff has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.