NICE Actimize launches “Beneficial Ownership” anti-money laundering webinar series to address new FinCEN regulations


September 19, 2016

NICE Actimize, a NICE (NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, is launching a new anti-money laundering webinar series on September 29 titled, “The Three Keys to Beneficial Ownership” which will focus on the requirements, best practices and execution of a beneficial ownership strategy.

The Financial Crimes Enforcement Network’s (“FinCEN”) release this year of its most comprehensive AML regulations since 2001 requires covered financial institutions to adopt customer due diligence procedures to identify and verify a legal entity customer’s beneficial owner(s) at the time a new account is opened. FinCEN requires covered financial institutions to comply with its final FinCEN rule by May 11, 2018.