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

Nacha Provides ACH Network Rules Update
Enrollments
Nacha Provides ACH Network Rules Update

Organizations increasingly rely on ACH to facilitate payments. To keep users up-to-date, Nacha — who oversees the ACH Network — provides regular updates to its members on new developments, rules and enforcements. To get a preview of what to expect in the next 12 months impacting ACH payments — from micro-deposit verification, increased payment limits, to account validation enforcement — join Nacha’s Director of ACH Network Rules and GIACT (a Refinitiv company) at 1 PM ET Wednesday, June 22 for a complimentary webinar.

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Whitepaper_Reducing Insurance Fraud Through Enhanced Identity Verification
Identity
Reducing Insurance Fraud Through Enhanced Identity Verification

In the last two months of 2020, two-thirds of home buyers placed bids on properties without ever seeing the home in person. To operate in 2022, mortgage lenders increasingly rely on their online platforms to facilitate home buying and refinancing. While digital identity verification is critical to any online loan application, many mortgage lenders are considering how best to balance customer experience and risk.

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