Complying with the Treasury’s CDD Final Rule

  • When: October 28, 2016
  • Time: 12:00 PM – 2:00 PM ET
  • Level: All

Publication earlier this year of the U.S. Departments of Treasury and Justice’s customer due diligence (CDD) rule for financial institutions has significantly increased responsibilities for determining beneficial ownership by financial institutions. The rule followed the Panama Papers scandal, and in its announcement the Treasury stated that the actions aim to strengthen financial transparency and combat the misuse of companies to engage in illicit activities. Join industry experts as they provide practical advice for meeting the new enhanced beneficial ownership standards, including developing customer risk profiles and conducting ongoing monitoring to identify and report suspicious activities.

Learning Objectives

  • Integrating beneficial ownership determination protocols into onboarding to facilitate effective client identification
  • Revising CDD/EDD policies to better identify beneficial ownership involving PEPs and other high-risk entities
  • Adopting the beneficial ownership standards of the Treasury to ensure regulatory expectations are met

Who Should Attend

  • Compliance Officers
  • Consultants
  • On-boarding and Relationship Managers
  • Senior Management

Region/Sector

  • Global
  • Africa
  • Asia-Pacific
  • Caribbean
  • Europe
  • Latin America
  • MENA
  • North America
  • Bank
  • Insurance
  • Securities

Pricing

ACAMS Members Non-Members
$245 $445
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Moderator

Chip-Poncy
  • Chip Poncy

  • President and Co-Founder
  • Financial Integrity Network (FIN)

Speakers

Tony Kaus
  • Tony Kaus, CAMS

  • Director Risk & Compliance
  • The Norman Group

Runge-Sarah
  • Sarah Runge

  • Global Head of FCC Regulatory Strategy
  • Credit Suisse
  • Bio

Sarah Runge currently serves as Global Head of Financial Crimes Compliance Regulatory Strategy at Credit Suisse. In this role, Sarah works across the FCC and Regulatory Affairs teams in Credit Suisse to develop a global plan to engage with and manage regulatory relationships related to FCC. Prior to joining Credit Suisse, Sarah spent over ten years in the U.S. Treasury Department’s Office of Terrorist Financing and Financial Crimes developing domestic and international initiatives to address illicit finance through her work with supervisors, law enforcement, and policy makers in the United States and globally. Her work included leading the U.S. delegation to the Financial Action Task Force and representing the U.S. Treasury Department at the G-7, G-20 and the Financial Stability Board.


Liat Shetret
  • Liat Shetret, CAMS

  • Senior Advisor – Crypto Policy & Regulation
  • Elliptic

Bio

Liat Shetret is a Senior Advisor for Crypto-Policy and Regulation at Elliptic and an international strategic adviser for security and financial integrity and inclusion. For more than 15 years, she has led global capacity-building and technical assistance programs on anti–money laundering (AML), countering the financing of terrorism (CFT), financial inclusion, and countering violent extremism. She has formerly worked at the Egmont Group of Financial Intelligence Units, Citigroup Bank, the Global Center on Cooperative Security, and the U.S. House of Representatives Committee for Homeland Security. She has extensive experience implementing capacity-building assistance programs particularly in emerging markets and developing countries across Africa, the Americas, Europe, and the Middle East. Liat holds a Master of International Affairs degree from Columbia University’s School of International and Public Affairs (SIPA)and a BA in political science and psychology from the University of Illinois. She is also a Certified Anti-Money Laundering Specialist (CAMS).