The Treasury Dept.'s Financial Crimes Enforcement Network has published Customer Due Diligence Requirements for Financial Institutions under the Bank Secrecy Act regs. Under these rules, financial institutions must identify and verify the beneficial owners of a legal entity when a new account is opened, develop risk profiles and conduct ongoing monitoring. This EIA explores beneficial ownership under the FinCEN rules.
Professor William H. Byrnes: Associate Dean of Texas A&M University School of Law. William has been commissioned by a number of governments for guidance on tax and professional education policy. In 1994 William pioneered online legal education, and in 1998 created the first online LL.M. acquiesced by the ABA. He speaks globally on best practices for distance education.
Dr. Robert J. Munro: Professor (Adjunct), Texas A&M University School of Law.
Ask the LexisNexis experts - and get a complete answer based on today's law.
An authoritative analysis of important cases, codes, statutes, rulings, emerging issues or legal topics is available now - through LexisNexis Emerging Issues Analysis. The brain trust of LexisNexis authors - thousands of recognized authorities who develop the respected Matthew Bender®, Mealey's and Martindale-Hubbell® treatises and articles - produce this highly specific content. Each commentary covers an important case, code, statute, ruling or emerging issue such as subprime, nanotechnology, or climate change. More current and concentrated than treatises and more analytical than news, Emerging Issues Analysis bridges the information gap between the two, providing quick expert analysis of current developments in law.
Emerging Issues Analysis PDFs should be purchased individually.