Financial institutions play a critical role in combatting crime. Compliance with the new beneficial ownership rules will further augment protection of the U.S. financial system. Join us for a line-by-line review of the proposed rule and learn how it will impact your organization.
- Line-by-line review of proposed regulation
- Key elements
- What is a reporting company?
- Who are beneficial owners?
- Who is the company applicant?
- Requirements for companies• Next steps
FinCEN issued a Notice of Proposed Rulemaking to give the public an opportunity to review and comment on the proposed rule to implement the CTA’s beneficial ownership information (BOI) reporting provisions. The proposed rule would significantly enhance the ability to protect the U.S. financial system from illicit use. It would also provide essential information to law enforcement and others to help prevent corrupt actors from hiding money or other property in the United States. Requiring entities to submit beneficial ownership information to FinCEN and providing timely access to this information to law enforcement, financial institutions, and other authorized users is intended to combat corruption, money laundering, terrorist financing, tax fraud, and other illicit activity. This webinar will review the proposed rule line-by-line, explain its key elements, and cover the changes that may be required in your policies, procedures, and processes when it finalizes.
Deborah L. Crawford, Gettechnical Inc.
Deborah Crawford is the President of Gettechnical Inc., a Virginia/Florida based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.
Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.