Last Minute Training Tips for BO and CDD - 2018
Presented by
Mary Beth Guard and Brian Crow
Recorded on April 27, 2018
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2.0 hours
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After years of discussion and anticipation, the Beneficial Owner/Customer Due Diligence rule is a reality that every frontline employee of a financial institution will need to deal with. And on April 3, 2018, FinCEN issued its much-anticipated guidance to definitively answer some of the lingering questions about what to do and how to do it. You have trained your staff, you’ve modified your procedures, but this rule is a big game changer, filled with new terminology, new requirements, new customer relations challenges, and only now, with the newest FinCEN issuance do we have all of the puzzle pieces. This program provides strategies and tips for reframing and reinforcing what bank staffers need to know and do under the rule and all FinCEN FAQs.
This is a Train the Trainer program. Whether you're the in-house trainer, BSA officer, or in charge of all compliance matters, this webinar will arm you with key tactics for breaking down the complex concepts for your frontline and ensuring consistent, compliant implementation. Recognizing that this affects various departments within your institution, we will provide guidance about the nuances that come into play and how your approach should differ for the different business units - deposits, loans, safe deposit rentals. You'll get charts and quick reference guides to help your staffers take a consistent, methodical approach to compliance.
Perhaps you have already conducted bank-wide training on the new rule – but you didn’t know what you couldn’t know, the answers only FinCEN could give, and those were just released April 3, 2018, 23 months into your two year implementation timeline! Our experience shows us that employees absorb the information in layers, piece by piece. We’ll help you deliver all the pieces. Rather than simply hitting “replay” to tell them what you already told them, our program will equip you with a fresh set of explanations, illustrations, examples, even scripts, to get you out of the box.
This program will provide training tips for every aspect of the rule, including:
<b>Who should attend: </b>
This program is designed for in-house trainers, BSA officers, compliance officers who are responsible for doing training and/or ensuring compliance with FinCEN's Beneficial Owner/Customer Due Diligence rule.
Mary Beth Guard and Brian Crow
Last Minute Training Tips for BO and CDD
Slides - pdf
Slides - ppt
Webinar Q & A Document