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You are cordially invited to participate in an upcoming Financial and International Business Association (FIBA) Anti Money Laundering (AML) and Legal and Regulatory Affairs (LARA) Committees Roundtable focused on recent and impactful regulatory developments from the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).
The primary topic of discussion will be FinCEN’s order granting exceptive relief to covered financial institutions from certain requirements under the 2016 Customer Due Diligence (CDD) Rule. Specifically, the order provides relief from the requirement to identify and verify the beneficial owners of a legal entity customer each time the customer opens a new account, representing a meaningful shift in supervisory expectations and implementation practices.
In addition, the roundtable will provide an opportunity to discuss:
- Practical implications of the exceptive relief for AML and onboarding programs
- Supervisory and examination considerations
- Risk management and governance impacts
- Other recent FinCEN developments of interest to the banking and financial services community
This session is intended to be an interactive forum for compliance leaders and practitioners to exchange perspectives, ask questions, and share implementation considerations.
We encourage your participation and look forward to a robust and timely discussion.
Save your seat today
LOCATION
FIBA Offices - 80 SW 8th St., Miami, FL 33130 - Suite 2170
DATE AND TIME
Thursday, March 5th at 10:00 AM
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