Compliance with the U.S. Department of Treasury’s Customer Due Diligence (CDD) Final Rule is required by May 11, 2018. This rule is to further strengthen controls against money laundering, corruption, and tax evasion, as well as bring a greater sense of transparency within the financial system. The CDD rule compliments existing Bank Secrecy Act (BSA) regulations related to customer due diligence. During this webinar, Attorney Kate Deringer Sallie with the law firm Pillar+Aught will discuss the new requirements that credit unions must adhere to when opening and servicing business accounts.
Kate is the co-founder and principal of Pillar+Aught. She concentrates her practice in the areas of creditors’ rights, loan workouts, commercial lending transactions, and commercial bankruptcy. Kate represents financial institutions with respect to loan workouts, collection matters, lender liability actions, and as creditors in Chapter 7, 11 and 13 bankruptcy cases. Kate is a Penn State University Dickinson School of Law graduate and continues her involvement at her alma mater by serving as a practitioner instructor. She is a member of the American Bankruptcy Institute, Turnaround Management Association, and International Women’s Insolvency and Restructuring Confederation, and is licensed to practice law in both Pennsylvania and Delaware.
For more information, please visit www.pcua.org