The Financial Crimes Enforcement Network’s Customer Due Diligence (CDD) Requirements Soup to Nuts

Learn the components of the CDD rule and the requirements for credit unions

Available On-Demand Until September 19, 2019

Register Now For On-Demand Access

On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued final Bank Secrecy Act (BSA) Customer Due Diligence requirements that credit unions and other financial institutions must comply with.  It is imperative that credit unions understand the regulatory requirements and implement appropriate policies, procedures, and processes in order to comply with the BSA requirements. 

This webinar will review the components of Customer Due Diligence and provide an overview of the regulatory requirements to assist credit unions in their implementation. We will also discuss some of the key areas of the rule for which financial institutions, vendors, and examiners have sought guidance.

Key Takeaways

  • Understand the components of the final Customer Due Diligence rule FinCEN published on May 11, 2016
  • Examine the Customer Due Diligence and AML Program Rule amendment
  • Review the requirements for the collection and verification of the identity of the beneficial owners of legal entity customers
  • Learn about the requirement to conduct ongoing Customer Due Diligence monitoring to file SARs and update beneficial ownership information

Register Now For On-Demand Access
This webinar is free, but you must register to attend.

One registration gives your entire credit union access to the on-demand recording until September 19, 2019.
Already registered? Go to the Online Training Center to view live.

Who Should Attend?

Education Credits

  • NCCOs will receive 1.5 CEUs for participating in this webinar.
  • NCRMs will receive 1.5 CEUs for participating in this webinar.
  • NCBSOs will receive 1.5 CEUs for participating in this webinar.
  • CPA credit information is below; recommended 1.5 CPE credits.

CPA Certification Credit Information

  • Reviewer: Josie Collins, Education Manager, NAFCU
  • Learning Objectives: Understand the components of the final Customer Due Diligence rule FinCEN published on May 11, 2016. Examine the Customer Due Diligence and AML Program Rule amendment. Review the requirements for the collection and verification of the identity of the beneficial owners of legal entity customers. Learn about the requirement to conduct ongoing Customer Due Diligence monitoring to file SARs and update beneficial ownership information.
  • Program Level: Basic
  • Prerequisites Needed: None
  • Advance Preparation Needed: None
  • Delivery Method: Group Internet-Based
  • Recommended CPE Credits: 1.5 credits
  • Recommended Field of Study: Regulatory Ethics - Technical

NASBA Sponsor Logo

National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more.

About Our Webinars

Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer.

About the Presenters

Tom Lawler
Tom Lawler

Senior Liaison Officer, Financial Crimes Enforcement Network

Sandra Sojka
Sandra Sojka

Policy Project Officer, Financial Crimes Enforcement Network