ACFCS Quick Tips provide brief and practical guidance on timely issues. They consist of a 20 minute presentation, followed by audience Q&A, and include a list of resources for further learning and implementation. While particularly geared to an intermediate and beginner understanding of the topics, all skill levels are likely to find something of value from these presentations.
Members complimentary, non-members $15
After years of development and internal wrangling, the European Union’s Fourth Anti-Money Laundering Directive came into effect in mid-2015, overhauling financial crime standards and expectations for EU member countries.
A package of amendments dubbed the Fifth Directive followed the next year, further raising the bar on counter-terrorist financing and beneficial ownership transparency. The Directives must be implemented by EU members by June 26, 2017.
Together, the sprawling Directives introduce a slew of important changes for financial crime compliance programs. This webinar will explore the fundamentals of the Fourth and Fifth Directives and their potential to impact financial crime regulation outside the EU, including:
- Key changes to customer due diligence requirements
- The expansion of politically exposed persons under the Directives and who it affects
- New compliance mandates for virtual currency exchanges
- How the new beneficial ownership registry will be structured and updates on its status
- And more
This session is eligible for 1 CFCS credits (including attendance and review and completion of supplementary resources).