Navigating Regulated KYC Requirements:
A Practical Guide for U.S. Financial Institutions
Wednesday, November 17, 2021 | 1pm EST
This 45 minute webinar will demystify and explain in simple terms the KYC requirements for financial institutions in the United States.
Know Your Customer (KYC) requirements for FIs in the US are well-defined, independently enforced, and mandatory. These requirements are based on Customer Identification Program (CIP) rules that are rooted in laws made to protect the financial system from terror financing and other illicit activity. Compliance with CIP requires forming a reasonable belief about an identity, and having a risk-based approach with methods that are reasonable and practicable.
Key Takeaways:
-
What KYC means for financial institutions in the United States
-
How the KYC regulatory requirements came about
-
A clear roadmap for compliance in the face of a changing threat landscape.
Speakers:
Naftali Harris
Co-Founder and CEO,
SentiLink
Parag Patel
Senior Associate,
Orrick
Robert Rowe
Vice President & Senior Counsel,
American Bankers Association
George Seeberger
General Counsel,
1st Financial Bank USA