Learn about the FinCIN CDD requirements and how to be fully compliant. This event has been updated to reflect the AML Act of 2020. Passed in early 2021, the Act has caused FinCEN to issue revised priorities and may impact the whole area of CDD responsibilities. These FinCEN requirements are extensive and involve research into entities within their client base.
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury has issued rules requiring minimum standards for anti-money laundering programs for some institutions lacking a federal regulator. The rules are focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline "normal" activity for the customer type.
FinCEN has issued AML requirements that are focused on the institution having an effective "Know Your Customer" program, which is defined as Customer Due Diligence, CDD in the regulations. The FinCEN requirements are focused beyond the initial customer acceptance step, requiring updating and ongoing monitoring against baseline "normal" activity for the customer type.
This timely, two-hour CPE training event is designed for the internal auditor, compliance professional and others who wish to improve their AML and BSA tradecraft skills.
Each attendee will receive 2 CPE Hours (YB). A certificate of completion will be provided.
Program Level of Understanding: Basic
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Business Ethics
CPE Credits: 2, based on 50 minutes of instruction per hour
FinCENs CDD Rule
Offered every six weeks on Wednesdays at 10:00 a.m. to 12:00 p.m. Central Time in two CPE-Credit event.
We can schedule private events on your timetable for two or more attendees.