Wolters Kluwer is the NAFCU Services Preferred Partner for Consumer and Member Business Lending & Deposit Services.
About the Webinar
Did you know that a new federal rule starting January 1, 2024, requires more than 32 million small businesses to report the personal information of business owners to a new federal database? This webinar will review the Corporate Transparency Act (CTA), who is and isn't required to report beneficial ownership information (BOI), and the benefits of working with a trusted provider to simplify CTA complexity.
Key Points
· What is the Corporate Transparency Act
· Who is—and who isn’t—required to report BOI
· When, where, and how BOI reports are filed
· The benefits of working with a trusted provider to simplify CTA complexity
Additional Resources
- BOI Resource Page
- Should you file a BOI?
- 23 Exemptions from the Corporate Transparency Act
- For questions or to request a credit union kit, contact Sheetal Kamani, Head of Partnerships: Sheetal.Kamani@wolterskluwer.com
View On-Demand
Presented By
Thomas Grundy
Senior Director leading | U.S. Advisory Services Compliance Management System and Regulatory Consulting
With nearly four decades of experience Tom’s career spans his service as an examiner for the Office of the Comptroller of the Currency and later as an Oversight Examiner for the Federal Reserve Board’s Division of Consumer and Community Affairs in Washington; the first to hold the position of Director of Compliance for the Kentucky Bankers Association; the compliance lead for the first fully licensed, nation-wide mortgage fintech, and has served as a compliance officer for regional and national financial services organizations. Tom is a graduate of the University of Kentucky, the Graduate School of Banking at the University of Wisconsin and is a Certified Regulatory Compliance Manager.
Tim Burniston
Senior Advisor for Regulatory Strategy to the CEO of Wolters Kluwer’s Financial and Corporate Compliance business unit
Tim joined Wolters Kluwer in December 2011 to lead the company’s Risk and Compliance advisory and professional services practice.
Prior to joining Wolters Kluwer, Tim spent more than 35 years designing and leading compliance, CRA, and fair lending examination and supervision programs for the Federal Reserve Board (FRB), Federal Deposit Insurance Corporation (FDIC), and Office of Thrift Supervision (OTS). Immediately before coming to Wolters Kluwer, Tim was the senior associate director at the Fed’s Division of Consumer and Community Affairs responsible for its national compliance, CRA, fair lending, applications, examiner training, information management, and Reserve Bank oversight programs. While with the Fed, he was asked by the U.S. Department of the Treasury and the Federal Reserve Board Chairman to lead the implementation team that developed the Consumer Financial Protection Bureau’s large depository institution examination program. Tim has a B.A. from Gettysburg College and an M.B.A. from The George Washington University. He is a graduate of the U.S. Treasury Executive Institute, and a Certified Regulatory Compliance Manager (CRCM).