In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that have registered to do business in any U.S. State or Tribal jurisdiction by the filing of a document with a secretary of state or similar office (formerly known as “foreign reporting companies”). FinCEN also exempts entities previously known as “domestic reporting companies” from BOI reporting requirements. During this webinar learn what you need to know and do for BSA requirements! What stays and what goes for your financial institution.
What You’ll Learn
- New definitions
- What companies will report on the federal level
- What companies who will still be required to report on the Certification Form at financial institutions
- Sample policy changes
- Check list for foreign entities
- CIP and CDD for foreign entities
Who Should Attend
This session is ideal for BSA Officers, BSA Staff, Operations, Compliance, Training and Business Development.