FinCEN's New Customer Due Diligence Rules: What You Need To Know

Webinar: ID# 1023622
Recorded CD
About This Course:
This webinar will provide an overview of FinCEN's new customer due diligence rule, which supplements existing requirements for covered financial institutions implementing effective AML programs.

The course will address the purpose of the rule and how it changes the current AML landscape. The definition of a legal entity's beneficial owner will also be addressed to assist you in applying the requirements.

Guidance on developing procedures to comply with the rule will be provided, as will recommendations on risk-based procedures and ongoing monitoring. This content will offer you practical advice, by using examples.


  • Examples of Increased AML Enforcement Against Financial Institutions
FinCEN's Final Rule for Customer Due Diligence Requirements
  • Overview
  • Purpose of the Rule
Program Requirements
  • Application
  • What Are 'Beneficial Owners'?
  • Effect on Compliance Programs
Related Developments
  • FinCEN's Proposed AML Rule for Investment Advisers
  • Panama Papers
About The Presenters

Margaret E. Hirce
  • Attorney in the New York office of Baker & Hostetler LLP
  • Practice emphasizes all aspects of white collar defense and corporate investigations, the FCPA, and securities litigation and regulatory enforcement
  • Recognized by New York Metro Super Lawyers as a 'Rising Star' (2015, 2016)
  • Wrote several publications related to the areas of important anti-money laundering, FCPA and securities legal and regulatory developments
  • Prior to law school, she worked as a paralegal in the Frauds Bureau of the Manhattan District Attorney's Office
  • Member of the American Bar Association and New York City Bar Association
  • J.D. degree, cum laude, Seton Hall University School of Law; A.B. degree in History, Princeton University
Lauren J. Resnick
  • Partner in the New York office of Baker & Hostetler LLP, firm wide Client Relationship Partner
  • Regularly retained by executive management and audit committees of Fortune 500 corporations to conduct internal investigations on FCPA, AML, trade sanctions and OFAC, securities fraud, accounting and employment matters, and to advise on regulatory compliance issues
  • Supervised independent monitorship of NY Mellon Bank
  • Regularly conducts gap analyses of AML compliance and internal audit programs for our clients and recommends enhancements to policies and procedures to optimize AML compliance
  • Recognized by Chambers USA, the Legal 500 United States, and The Best Lawyers in America © in the area of white collar
  • Former Assistant U.S. Attorney for the Eastern District of New York, Computer Crimes and Intellectual Property Section Chief, and two-time recipient of the Department of Justice Director’s Award for Superior Performance
  • Board member of the Association of the United States Attorney’s Office for the Eastern District of New York: board member of the NYC Citizens Crime Commission
  • J.D. degree, cum laude, Harvard Law School; B.A. degree, magna cum laude
FinCEN's New Customer Due Diligence Rules: What You Need To Know
Available on CD format
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