Mastering Treasury's New Customer Due Diligence Final Rule

Duration: 60 Minutes
The U.S. Treasury Department released a long awaited final rule that formally requires financial institutions to collect beneficial ownership information from customers at account opening and to ensure the information is accurate on an ongoing basis.Framed as an enhancement to existing customer due diligence responsibilities financial institutions must meet, the rule will necessitate new policies and procedures and the creation of new recordkeeping capabilities.
Customer Due Diligence Final Rule
Instructor: William Schlameuss
Product ID: 506021
Objectives of the Presentation
  • Outlining how to implement the beneficial ownership thresholds
  • Detailing new identity verification standards to adjust on boarding policies
  • Developing and updating risk-based customer profiles to perform ongoing monitoring
Why Should you Attend
This webinar features the key figures in the financial transparency discussion and will provide a timely analysis of the rule's requirements, practical compliance strategies, and how the U.S. rule fits into the growing global controversy surrounding financial transparency.

Who will Benefit
  • AML Officers
  • Risk Managers
  • On boarding Personnel
  • Industry Consultants
  • Legal Advisors
$300
Recorded Session for one participant
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  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
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Instructor Profile:
William Schlameuss has over 20 years' experience in regulatory compliance, including BSA/AML/OFAC. He has worked with a wide range of US branches of major foreign banking organizations from all continents, both as chief compliance officer and compliance consultant. He has a prior background in IT as manager and implementer of core banking and payment systems, as well as compliance-related systems.

Mr. Schlameuss has extensive experience with State and Federal Banking regulators in examination preparation, assistance and response, including assistance in the remediation of written agreements for clients. As a project manager Mr. Schlameuss has led BSA/AML audits, BSA/OFAC Model Validations, remediation efforts of BSA audit issues , and BSA/OFAC look-backs for international banks, both self-imposed and directed by regulatory authorities. Model Validations included Prime, FCRM, Patriot Officer, Actimize, and eGIFTS.

He has conducted the Annual 3130 Supervisory Reviews for Broker-Dealers of the US branches of major FBOs. Mr. Schlameuss is also a member of the Association of International Bank Auditors and the International Bank Regulatory Compliance Committee.
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