Beneficial Ownership and Member Due Diligence

Understanding who truly owns and controls member accounts is a critical component of an effective BSA/AML compliance program. In this webinar, Tyler Draffan, Compliance Specialist with ViClarity, will walk through the key requirements and expectations related to Beneficial Ownership and Member Due Diligence for credit unions. The session will cover regulatory requirements, practical application for account opening and ongoing monitoring, documentation and recordkeeping expectations, and common examiner findings. Attendees will gain practical insights to help strengthen controls, reduce risk, and maintain compliance.  This webinar is ideal for BSA/AML officers, compliance and risk management staff, frontline and member service teams involved in account opening, lending and operations personnel, audit staff, and anyone responsible for customer/member due diligence or beneficial ownership compliance.