FinCENs CDD Rule

Stay ahead in the world of financial compliance with our FinCEN CDD Rule CPE Training Event. This engaging two-hour program is tailored for compliance professionals, internal auditors, and others seeking to enhance their understanding of Customer Due Diligence (CDD) requirements and improve their skills in anti-money laundering (AML) practices. This course reflects updates from the AML Act of 2020 and provides 2 Continuing Professional Education (CPE) credits upon completion.
 
Why Attend?
 
Earn 2 NASBA-Approved CPE Credits
Fulfill your professional development requirements while gaining practical insights into one of the most critical areas of AML compliance.
 
Understand the FinCEN CDD Rule and AML Act of 2020
Get up to speed on FinCEN’s new requirements, including updates influenced by the AML Act, and how they impact financial institutions and compliance programs.
 
Enhance Your AML Knowledge and Skills
Learn how to design, implement, and monitor effective compliance programs that mitigate financial crimes and align with the latest regulations.
 
Gain Practical Compliance Strategies
Discover best practices for adhering to CDD requirements, including ongoing monitoring, risk profiling, and transaction analysis.
 
Course Highlights
 
This training session dives deep into CDD compliance, addressing key aspects of FinCEN’s regulations and equipping you with the tools needed to excel in AML compliance. Highlights include:
Overview of the FinCEN CDD Rule: Learn the foundational principles of CDD and how it fits into AML programs.
Understanding CDD Requirements: Explore strategies for identifying beneficial owners, legal entities, and controlling persons as required by FinCEN regulations.
Risk-Based Transaction Monitoring: Master approaches to establishing and updating risk profiles and monitoring baseline activity for customers.
Navigating Compliance Challenges: Gain insights into common implementation difficulties and how to overcome them with practical solutions.
 
Learning Objectives
 
By attending this course, participants will:
Gain Comprehensive Knowledge of CDD Requirements: Understand the regulatory triggers, expectations, and how to ensure compliance under the AML Act of 2020.
Learn to Navigate AML Compliance Obligations: Grasp the purpose of the regulation and the specifics around meeting FinCEN standards for customer legal entities and beneficial owners.
Boost AML and BSA Expertise: Expand your skills and confidence in managing the compliance elements of CDD in alignment with banking secrecy laws.
Master Risk-Based Monitoring: Develop the ability to analyze transactions, update risk profiles, and maintain ongoing compliance.
Build Effective Compliance Programs: Learn to create programs that address both institutional and customer-specific risks, protecting your organization from financial crimes.
 
Key Agenda Topics
 
This training session has been carefully structured to cover every aspect of FinCEN’s CDD requirements. The agenda includes:
The Four Prongs of the Bank Secrecy Act (BSA): Understand the original elements of AML and the addition of the fifth prong.
The Fifth Prong Explained: Learn why the CDD rule was created and its importance for financial transparency.
Covered Entities and Exclusions: Explore the requirements for customer legal entities, beneficial owners, and controlling persons.
Monitoring Baseline "Normal" Transactions: Discover how to develop and maintain risk profiles and monitor ongoing financial activity.
Overcoming CDD Challenges: Learn strategies to implement FinCEN’s rules effectively and mitigate compliance hurdles.
 
Event Details
 
This live, group internet-based course is ideal for professionals wanting to enhance their AML and compliance skills.
Format: Interactive online session.
Schedule: Offered every eight weeks on Mondays, 10 a.m.–12 p.m. (Central Time).
Cost: $140 per participant.
Group Options: Private sessions available for two or more attendees.
 
Who Should Attend?
 
This training is perfect for:
Compliance Professionals: Enhance your knowledge of AML practices and CDD requirements.
Internal Auditors: Boost your expertise in evaluating and strengthening compliance programs.
Financial Executives: Understand the impact of the FinCEN CDD Rule on institutional compliance efforts.
 
Why Mastering the FinCEN CDD Rule Matters
 
The FinCEN CDD Rule reflects a key advancement in the fight against money laundering and illicit financial activities. It emphasizes transparency, requiring financial institutions to identify beneficial owners and monitor transactions with a risk-based approach. For compliance professionals, mastering these requirements is essential to maintaining regulatory adherence, reducing risk, and ensuring the integrity of financial systems.
 
By building expertise in CDD, you not only protect your organization from compliance breaches but also advance your career as a trusted professional in AML practices.
 
Register Today
 
Take the next step in your compliance career by joining the FinCEN CDD Rule CPE Training Event. Equip yourself with the tools and knowledge to stay compliant and improve your AML skills.
 
Sign up now to build your expertise and ensure your institution remains at the forefront of regulatory compliance!