NICE Actimize Launches “Beneficial Ownership” Anti-Money Laundering Webinar Series to Address New FinCEN Regulations
19 Septembre 2016 - 1:00PM
Business Wire
The three-part series will focus on the
requirements, best practices and execution of a beneficial
ownership strategy
NICE Actimize, a NICE (Nasdaq:NICE) business and the
largest and broadest provider of a single financial crime, risk and
compliance software platform for the financial services industry,
is launching a new anti-money laundering webinar series on
September 29 titled, “The Three Keys to Beneficial Ownership” which
will focus on the requirements, best practices and execution of a
beneficial ownership strategy.
The Financial Crimes Enforcement Network’s (“FinCEN”) release
this year of its most comprehensive AML regulations since 2001
requires covered financial institutions to adopt customer due
diligence procedures to identify and verify a legal entity
customer’s beneficial owner(s) at the time a new account is opened.
FinCEN requires covered financial institutions to comply with its
final FinCEN rule by May 11, 2018.
The “Beneficial Ownership” webinar series will feature analysts
and industry experts from the anti-money laundering community.
Among them is CEB TowerGroup Research Director and Principal
Executive Advisor, Andy Schmidt who will lead a discussion on the
global context of the regulation. Additionally, NICE Actimize
anti-money laundering experts Micah Willbrand and Tom Berkovitch
will also chair the sessions.
According to David Kwan, VP and General Manager, Anti-Money
Laundering, NICE Actimize, “It is well known that FinCEN’s new rule
establishes a ‘fifth pillar’ for anti-money laundering programs
that mandates that financial institutions establish specific
risk-based procedures for conducting ongoing customer due
diligence. The past 12 to 24 months have seen a dramatic
acceleration in regulatory focus in the CDD/KYC space, and with
this new global regulatory scrutiny comes an increased need to
bolster CDD/KYC controls. Our webinar series will explore many of
the critical issues associated with developing and implementing a
risk–based AML strategy.”
The “Beneficial Ownership” Webinar Series will be conducted
monthly as follows:
- Understanding Requirements in a
Global Context (September 29): NICE Actimize and Andy Schmidt
of CEB Tower Group will delve into the scope of the FinCEN’s recent
requirements and discuss how they compare to other global
requirements. The webinar will also address the impact on
onboarding processes, and review where this regulatory trend may be
going in the future.
- Peer Recommendations & Best
Practices (October 20): NICE Actimize’s 2016 CDD Market Survey
sought to identify the current challenges in the CDD/KYC space, and
more specifically to explore strategy and progress with regards to
beneficial ownership. This session will focus on sharing the
results of this survey while providing recommendations and best
practices from the point of view of industry peers.
- Make a Plan & Execute
(November 29): With an understanding of the requirements and
best practices surrounding beneficial ownership, comes the need to
do something about it at the organizational level. This webinar
session will discuss next steps such as data capture during
onboarding, reliance on the front versus back office for data
enrichment, strategies for keeping information up to date and some
of the best ways to visualize beneficial ownership structures.
Additional NICE Actimize Webinar Series resources:
- Registration for Sessions — by
clicking here.
- On our Blog — Look for
“Beneficial Ownership” related topics and thought leadership at
www.niceactimize.com/blog.
About NICE ActimizeNICE Actimize is the largest and
broadest provider of financial crime, risk and compliance solutions
for regional and global financial institutions, as well as
government regulators. Consistently ranked as number one in the
space, NICE Actimize experts apply innovative technology to protect
institutions and safeguard consumers and investors assets by
identifying financial crime, preventing fraud and providing
regulatory compliance. The company provides real-time,
cross-channel fraud prevention, anti-money laundering detection,
and trading surveillance solutions that address such concerns as
payment fraud, cybercrime, sanctions monitoring, market abuse,
customer due diligence and insider trading. Find us at
www.niceactimize.com, @NICE_Actimize or NASDAQ:NICE.
About NICENICE (Nasdaq:NICE) is the worldwide leading
provider of enterprise software solutions that empower
organizations to make smarter decisions based on advanced analytics
of structured and unstructured data. NICE solutions help the
world’s largest organizations deliver better customer service,
ensure compliance, combat fraud and safeguard citizens. Over 25,000
organizations in more than 150 countries, including over 80 of the
Fortune 100 companies, are using NICE solutions. www.nice.com
Trademark Note: Actimize, the Actimize logo, NICE and the NICE
logo are trademarks or registered trademarks of NICE Ltd. and/or
its subsidiaries. All other marks are trademarks of their
respective owners. For a full list of NICE's marks, please see:
http://www.nice.com/nice-trademarks.
Forward-Looking StatementsThis press release contains
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements, including the statements by Mr. Kwan, are based on the
current expectations of the management of NICE Ltd. (the Company)
only, and are subject to a number of risks and uncertainties that
could cause the actual results or performance of the Company to
differ materially from those described herein, including but not
limited to the impact of the global economic environment on the
Company’s customer base (particularly financial services firms) and
the resulting uncertainties; changes in technology and market
requirements; decline in demand for the Company's products;
inability to timely develop and introduce new technologies,
products and applications; difficulties or delays in absorbing and
integrating acquired operations, products, technologies and
personnel; loss of market share; pressure on pricing resulting from
competition; and inability to maintain certain marketing and
distribution arrangements. For a more detailed description of the
risk factors and uncertainties affecting the company, refer to the
Company's reports filed from time to time with the Securities and
Exchange Commission, including the Company’s Annual Report on Form
20-F. The forward-looking statements contained in this press
release are made as of the date of this press release, and the
Company undertakes no obligation to update or revise them, except
as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20160919005518/en/
Press Contact:Cindy Morgan-Olson, +1-212-851-8842NICE
Actimizecindy.morgan-olson@niceactimize.comorInvestors:Marty
Cohen, +1-212-574-3635ir@nice.comorYisca Erez, +972-9-775-3798NICE
Ltd.ir@nice.com
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