Intersection of AML-OFAC Requirements with FATCA Requirements - FinCen, Customer Onboarding & More 2015

Key Topics

• Analyze FinCEN definition of "Legal Entity" and implications of such definition
• Review which types of financial institutions are covered by FinCEN proposed regulations
• Assess FATCA requirements and relevance to AML practices
• Overview of EU requirements and status of directive
• Compare and contrast different regulatory regimes (FinCEN, EU, FATCA, OFAC)
• Evaluate OFAC requirements on "Shadow SDNs", differences between regulations and Q+A
• Review recommended "best practice" CDD procedures to be applied
• Evaluate exemptions in FinCEN proposed regulations, compare to EU directive

Who should Attend

• Internal Auditors
• Compliance and legal personnel
• Operations (onboarding) personnel
• Consultants
• External Auditors
• Management levels responsible for Internal Audit, Compliance or Onboarding