Join GIACT and Hudson Cook to learn more about the new FinCEN regulation and what you can do to lower the costs of compliance.
May 22, 11:30am EST (register below)
Starting May 11, 2018, financial institutions will have to implement greater due diligence on their legal entity customers than ever before. FinCEN’s beneficial ownership rule will impact virtually any FI engaged in B2B transactions. The potential cost, according to FinCEN estimates, to FIs and their clients in the first year of implementation alone ranges in the hundreds of millions.
To reduce cost, ensure compliance and make beneficial ownership information collection and verification an easier process for you and your clients, register to learn how these new rules will impact your business and how Beneficial ID™ — the first all-in-one digital solution to provide beneficial ownership information collection and KYC, OFAC verification — can help.