Dates of Event & Pricing

$295 for Webinar and Playback*

*Playback has no expiration.

  • Monday, February 27, 2023

  • 2:00 – 3:00 pm (Eastern Time)

  • 1:00 – 2:00 pm (Central Time)

  • 12:00 – 1:00 pm (Mountain Time)

  • 11:00 – 12:00 pm (Pacific Time)


AML standards dictate that understanding beneficial ownership and those with a controlling stake in the organization is an essential part of a bank’s AML program. While the rule is already in effect, many organizations have questions surrounding the rule and how it must be followed. Particularly when bank employees are tasked with identifying complex ownership structures. There can be multiple ownership layers with different types of corporate entities in different jurisdictions, as well as different terminology, further obscuring the true owner. These intricate layers make it a struggle for FIs to verify the customer.

Join this must-attend banking webinar for an informative and in-depth look at the Beneficial Ownership rules.  Learn how to identify the beneficial owner of complicated structures, the steps needed to verify the identity of any beneficial owner, and how to get the proper documentation, resolutions and beneficial ownership in these unique entities.

This BSA Compliance Webinar will cover:

  • Beneficial ownership requirements 
  • Enhanced due diligence procedures
  • Exclusions and exemptions under the rule
  • Proper methods of data collection and assessment 
  • The 3 Steps to knowing your customer’s customer
  • Business structures and how to handle a trust as owner of a business
  • Successful approaches and tips for Beneficial Ownership compliance
  • Developing appropriate risk management processes
  • Tips for determining the beneficial owner

BONUS TAKE-AWAY TOOLKIT: Procedures template for identifying and verifying beneficial owners


Esq / Founder finreg PARTNERS Dena Somers

Dena Somers is a highly regarded bank consultant and compliance attorney. She has provided regulatory compliance and risk management consulting services to financial institutions and companies in highly regulated industries nationwide for more than 20 years. Her areas of expertise include consumer and mortgage lending compliance, Fintech and specialty finance, regulatory compliance training, business strategy and best practice advisement, and corporate governance. Throughout her career, Ms. Somers has advised hundreds of banking and financial institutions— ranging from local community banks to $50 billion financial holding companies— to achieve operational efficiency while ensuring regulatory compliance. Previously, Ms. Somers served as General Counsel to a national mortgage servicing company, Fintech lender, national money service business, and has represented financial institutions in a broad array of complex litigation matters for more than 15 years. Additionally, Ms. Somers is a published author for Lexis Nexis in the areas of Bank Teller training, loan policies, and loan documentation training.


1.0 CPE Credits & 1.2 AAP Credits