SWABC Webinar: Corporate Transparency Act
*Free for SWABC members. SWABC Members use Promo Code SWABCMEM2023 at check out to apply your discount.*
*Zoom link provided to registrants in the confirmation e-mail, and any presentation materials will be sent the afternoon before the event. If you sign up the night before or the day of the event, you will receive the materials approximately one hour before the event begins.*
*Event submitted to the Texas bar for 1 hour of CLE credit. If you would like this event submitted for any additional CE credit, please e-mail [email protected]. The bar course number will be provided to those in attendance as soon as possible*
Presenter(s): Leslie McKee
Leslie McKee is a financial services associate who focuses her practice on commercial lending, banking, and financial institutions. Before joining the firm, Leslie worked in the financial industry, processing and coordinating various loans, including commercial and industrial, and real estate-secured loans, including construction loans. Leslie is also experienced in CRA lending. Leslie was also a small business owner of a thriving bakery for over ten years.
Leslie is all things Texas Aggies! She and her family love spending time in College Station and attending games. When Leslie is not cheering on the Aggies, you can find her baking, camping, fishing, or scuba diving.
Description:
The Corporate Transparency Act will go into effect January 1, 2024, and presents a significant update to existing U.S. anti-money laundering laws, playing an important role in combatting money laundering and other financial crimes. The CTA directs FinCEN to establish a national database of beneficial ownership information and requires existing and newly registered entities to file beneficial ownership reports with FinCEN.
The new legal framework will supplement current financial institutions reporting under FinCEN's Customer Due Diligence Rule, and presents new regulatory issues for financial institutions to consider.