The Financial Crimes Enforcement Network (FinCEN) has released its long-awaited final rule to strengthen anti-money laundering (AML) customer due diligence (CDD) efforts of “covered financial institutions,” which include banks, broker-dealers, mutual funds, and futures commission merchants, and introducing brokers in commodities. The rule would significantly expand the extent that an institution’s CDD efforts look beyond the juridical entity that is, formally, the customer and inquire into its principal shareholders or holders of comparable ownership interests. These requirements may be viewed as the creation of a “fifth pillar” for the AML programs of covered financial institutions.

This webinar will report on key aspects of the rule and how they will expand existing CDD and customer identification program requirements. We will also explore the implications of the rule regarding the aggregation of transactions for filing currency transaction reports, Office of Foreign Asset Control (OFAC) compliance and monitoring of transactions for evidence of structuring or other suspicious activity.

Date & TIme

Thursday, June 2, 2016
12:00 PM - 1:00 PM ET


Alan S. Kaplinsky
Practice Leader
Consumer Financial Services


Peter D. Hardy
White Collar Defense/Internal Investigations
Consumer Financial Services

Beth Moskow-Schnoll
White Collar Defense/Internal Investigations
Consumer Financial Services

Kevin D. Leitão
Consumer Financial Services
Mortgage Banking

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Eva M. D'Ignazio at