Regulatory Spotlight: Fifth Pillar of BSA
In 2016, FinCEN introduced the “fifth pillar” of BSA compliance: Customer Due Diligence, also known as the Beneficial Ownership Rule. All financial institutions are required to be in compliance with this rule by May 2018. To assist you with compliance, we’ve added information on Customer Due Diligence to several courses:
In addition, we will be publishing a white paper about Customer Due Diligence that you can easily print out and provide to your employees.
Looking for more information on the Home Mortgage Disclosure Act? Explore our webinars, white papers, and courses for more details on how HMDA applies to your institution
Regulatory Spotlight: HMDA