Start Date: 3/29/2021 9:00 AM MDT
End Date: 3/29/2021 10:30 AM MDT
Location:
United States
The National Defense Authorization Act for FY 2021 was passed by the Senate despite a Presidential veto. The new provisions have serious implications for BSA programs regarding beneficial ownership, CTRs, and SARs. This webinar will break down the bill and go section-by-section through the money laundering piece and how it could impact your institution, including:
- A beneficial ownership database constructed by the federal government
- Streamlining SARs and CTRs
- A study to increase exemption levels for CTRs and thresholds
- New whistleblower protections
- A study on how to provide inclusion for charities and nonprofits
- Required annual training for examiners
