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Beneficial Ownership Program Requirements: New Rule and Regulatory Expectations

April 26, 2018 @ 2:00 pm - 3:00 pm EDT


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Today’s BSA/AML Program has a regulatory requirement to comply with four pillars of AML.  In May 2018, this new Rule will become effective impacting how financial institutions capture information during the account opening process.  The proposed new rule on beneficial ownership adds a fifth pillar requirement that will expand the current customer due diligence program.  This webinar will review the new requirement, provide practical methods for complying and provide best business practices for training your front line to obtain the information without adding significant amounts of time to the new account opening process.

This session will cover:

  • Overview of Beneficial Ownership Proposed Rule
  • Best Business Practices for Training and Ongoing Internal Control Management
  • Inclusion of Beneficial Ownership into your current BSA/AML Program
  • Ongoing Training Tips for Advising Your Board of Directors on the impact of this new Rule
    and ongoing reporting of the effectiveness of the fifth pillar requirement


$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Portions previously recorded.

Date of Event

Thursday, April 26, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)


  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP CAMS
Founder, Secura Risk Management

About the Speaker

Terri Sands is a recognized leader in the Payments industry with decades of hands-on experience in payments compliance, risk management and more. She founded Secura Risk Management 8 years ago to deliver education, consulting and auditing services in the areas of payments risk management (ACH, RDC, Wire Transfer, Debit Cards), BSA/AML, fraud prevention, and physical security for financial institutions and FinTech companies. 

Terri is also Director of Payments Risk Management at State Bank & Trust (GA). Previously, she was Managing Director of Payments Information Circle, President of GACHA, and Training Manager for ACH Services at the Federal Reserve Bank. Terri has been an instructor for BankersHub for almost ten years.

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