Challenges and Best Practices of PEP & Sanctions Screening, Part 3: Addressing the Beneficial Ownership Challenge

Date: Sep 17, 2019
Topic: Risk & Compliance

Highlighting the advanced capabilities of the FinScan® sanctions and PEP screening solution.
Attending this webinar qualifies for 1 CAMS credit.

Register Now Americas - 12:00 EDT     Register Now EMEA 12:00 BST

Presented By:
Kieran Holland, Senior Professional Services Consultant, FinScan


Kieran Holland
Senior Professional Services Consultant
Martin Schofield, Director MSA (Training & Consultancy) Ltd


Martin Schofield
Director, MSA (Training & Consultancy) Ltd

Regulations such as the EU AML Directive, FinCEN Final CDD Rule, OFAC 50% Rule, and FATCA require you to know the Beneficial Owners of your customers. Addressing this issue is a major challenge for financial institutions, as they must be able to identify and verify the Beneficial Owners, track changes of ownership, document the due diligence, and continuously screen against Sanctions, PEP and other high risk databases based on their risk-based approach.

How much is enough and how far do you need to go in your beneficial ownership due diligence?

How do you ensure efficiency in your due diligence processes without jeopardizing customer satisfaction and business competitiveness?

Please join us to learn how to better manage the regulatory requirements for Beneficial Owners information to help your organization comply with the latest regulations and reduce risk.

Specific topics include:

  • Regulatory landscape related to Beneficial Owners
  • Challenges of identifying and screening Beneficial Owners
  • A practical approach to addressing these challenges and how to evaluate your options

Questions will be answered both during the session and at the conclusion.

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