Why Should You Attend:
By understanding how the collection of beneficial ownership has impacted financial institutions and the financial industry to date, AML departments can assess whether its current beneficial ownership efforts are effective, and the information is being used appropriately.
The collection of Beneficial Ownership for AML became effective in May 2018. Having been in effect for a few months, let’s take a look to see how the collection of this new information is impacting financial institutions and its impact on overall AML efforts. We will take a look as to what financial institutions have been doing with this information, its monitoring of beneficial ownership, and how it has effect their suspicious activity reporting efforts.
Areas Covered in the Webinar:
A look at feedback since it became effective
How it is impacting CIP efforts
Monitoring Changes for Beneficial Ownership
Effects on Suspicious Activity Reporting
Overall assessment of its effectiveness to date
Next steps
By understanding how the collection of beneficial ownership has impacted financial institutions and the financial industry to date, AML departments can assess whether its current beneficial ownership efforts are effective, and the information is being used appropriately.
The collection of Beneficial Ownership for AML became effective in May 2018. Having been in effect for a few months, let’s take a look to see how the collection of this new information is impacting financial institutions and its impact on overall AML efforts. We will take a look as to what financial institutions have been doing with this information, its monitoring of beneficial ownership, and how it has effect their suspicious activity reporting efforts.
Areas Covered in the Webinar:
A look at feedback since it became effective
How it is impacting CIP efforts
Monitoring Changes for Beneficial Ownership
Effects on Suspicious Activity Reporting
Overall assessment of its effectiveness to date
Next steps
Speakers
Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.
