In May of 2018, the U.S. Department of the Treasury issued final rules under the Bank Secrecy Act (BSA) to clarify and strengthen customer due diligence (CDD) requirements. These rules, referred to as Beneficial Ownership, require financial institutions to establish and maintain written procedures to incorporate the identification of beneficial owners of legal entities within AML compliance programs. Join Wespay for an informative and in-depth look at the Beneficial Ownership rules to ensure you are in compliance with these regulatory guidelines.