Catch up on BOI!

Overview:

Part I and Part II of the beneficial ownership rules are final.  We are anticipating the banking piece at any time in proposed form.   Customers are now registering their businesses with the federal government.  So what do we need to know?  What is the new terminology, exclusions, exemptions?  How can we get ready?  These are the questions that many institutions are struggling with as we move forward.  

During this Course, we provide a general overview of all the new rules as we wait for the last piece. 

Learn:

• What is a reporting company?
• Who is exempted from the definition?
• Who is excluded from the definition?
• What is the definition of beneficial owner?
• Who is an exception from that definition?
• What information will the company, owners and company applicant have to report?
• What if the company fails to register?
• What if the information reported changes?
• Who will have access to the database?
• How will we gain access?
• What are the restrictions to that access?
• What can we use the information for as a financial institution?