This site uses cookies to improve your browsing experience, gather site analytics and activity, track shopping cart contents, and deliver relevant marketing information.
View our privacy policy and manage your settings here. By using our site you agree to these terms.

BSA/AML: Beneficial Ownership and Customer Due Diligence


Provides information on FinCEN’s CDD Rule that amends existing BSA regulations, and requirements to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions. Describes the fifth pillar requirements under the CDD Rule and the four core elements of customer due diligence.

Updated: September 2018

What You'll Learn

After completing this course, students will be able to:

  • Explain the application of the beneficial ownership rules
  • Identify legal entity customers and describe the two prongs used to determine beneficial ownership
  • Explain how the CDD Rule expands and strengthens current CDD requirements

Audience

All frontline and customer facing staff who open accounts for legal-entity customers as well as bank staff responsible for ongoing due diligence on all bank customers.

​Course Credits


​​​​​​​​​​

​Questions? Please contact training@aba.com for more information. 
 

 Purchase

 

Free Frontline Compliance Training
Course available to ABA Member banks at no cost under a license agreement. Learn more​​

 

 Related Training