After a lengthy implementation period, FinCEN’s new beneficial ownership regulations are about to become effective. Financial institutions are scrambling to meet a May 11, 2018 deadline.

FinCEN’s new regulations require financial institutions to implement important new beneficial ownership requirements as part of their customer due diligence procedures. The regulations raise important compliance issues that will need to be addressed. Financial institutions were afforded nearly two years to comply with the new regulations.

Join Michael Volkov, CEO of The Volkov Law Group, as he reviews the new regulations and addresses specific compliance issues.