Industry leaders from Socure and Middesk have an in-depth webinar on the changing landscape of financial compliance. As the Financial Crimes Enforcement Network (FinCEN) proposes significant updates to the Anti-Money Laundering Act, financial institutions face new challenges in customer and business verification. Our experts dissect these complex regulations and provide actionable strategies to help your organization navigate the evolving regulatory environment.
In this webinar, we explore how FinCEN's proposed changes impact financial institutions, including Registered Investment Advisers (RIAs) and Exempt Reporting Advisers (ERAs). We discuss the expanded reporting requirements, new customer due diligence rules, and the implications for your compliance programs. Our speakers delve into the technical aspects of these changes, including the new threshold for Suspicious Activity Reports (SARs), the inclusion of RIAs and ERAs in the Bank Secrecy Act's definition of "financial institutions," and the upcoming beneficial ownership reporting requirements. We also examine how cutting-edge identity verification solutions can help you meet these new regulatory demands efficiently and cost-effectively.
Key Takeaways:
- Understand FinCEN's proposed changes and their impact on financial institutions, including RIAs and ERAs
- Learn about new customer due diligence requirements and the January 1, 2025 deadline for beneficial ownership reporting
- Explore the implications of expanded transaction reporting and recordkeeping requirements
- Discover strategies for enhancing your compliance programs to meet new regulatory standards
- Gain insights into how advanced identity verification solutions can streamline your compliance efforts and manage increased operational costs
Don't miss this opportunity to prepare your organization for the future of financial compliance.
