Description:
Beginning January 1, 2024 FinCEN has new requirements for beneficial ownership that applies to businesses – not just Banks. Many entities created in or registered to do business in the United States will be required to report information about their beneficial owners—the individuals who ultimately own or control a company—to FinCEN.
Join us December 5th to unpack FinCEN’s new beneficial ownership requirements and learn how to achieve compliance. Together we’ll dive into:
- A review of FinCEN resources and requirements
- What accountholders must do and know before January 1, 2024
- Tips for communicating with customers
- Potential impacts to compliance programs
- Actionable strategies for adjusting or rewriting policies, procedures, and processes
Who Should Attend:
This session has been crafted for designed for BSA officers, BSA staff, branch administration, loan administration, compliance staff, senior management, and trainers.
Presenters:
Stephanie Schumacher
Stephanie Schumacher is a BSA Officer with more than 20 years of banking and financial services expertise and is a Certified Anti-Money Laundering Specialist. Ms. Schumacher is experienced in risk and compliance for traditional and non-traditional financial products. She has a diverse history in establishing and monitoring all areas of the BSA/AML/OFAC compliance, third party risk, and other risk management aspects. Her background includes managing compliance systems in complex and fast-paced environments for Banking as a Service and FinTech/Banking partnerships.
December 5, 2023