Are you Prepared for Beneficial Ownership?

Compliance
Webinars

What You’ll Learn

On May 11, 2018, a new FinCEN rule went into effect requiring financial institutions to implement greater due diligence on their legal entity customers than previously. FinCEN’s beneficial ownership rule impacts virtually any FI with legal entity customers. According to FinCEN estimates, the potential cost to FIs and their clients in the first year of implementation alone ranges in the hundreds of millions.

To reduce cost, ensure compliance and make beneficial ownership information collection and verification an easier process for you and your clients, view the on-demand webinar below to learn how these new rules will impact your business and how Beneficial ID® — the first all-in-one digital solution to provide beneficial ownership information collection and KYC, OFAC verification — can help.

Questions Asked:

  • How can FIs streamline the collection and processing of beneficial owners?
  • How can automation reduce the paperwork and expense of manual forms?
  • How can FIs improve customer on-boarding by eliminate delays?
  • How can specific risk tolerances be accounted for in processing?

Watch the On-Demand
Webinar Recording

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Enrollments
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GIACT, a Refinitiv company, today announced that it has added a global consumer and business identity verification solution, gIDENTIFY® Global, to its EPIC Platform. gIDENTIFY Global represents a significant advancement in global identity verification, allowing U.S. organizations to validate non-U.S. persons across 38 countries and businesses across 11 countries, respectively.

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Consumer Scams Rising in Velocity and Sophistication_Press Release
Identity
34% of U.S. consumers were targeted by scams in 2021, Aite-Novarica Group consumer survey finds

GIACT’s report, Consumer Scams: Rising in Velocity & Sophistication, looks at the methods scammers used to target U.S. consumers, including email, text, phone, and social media. As detailed within the report’s findings, U.S. consumers were solicited through a wide range of mediums using a variety of tactics to social engineer victims into providing payment and / or sensitive payment information.

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