Quest CE Prepares for FinCEN’s New CDD Rule
MILWAUKEE –April 12, 2018– Quest CE, premier provider of compliance training and tracking technology solutions, today announced updates to more than 80 of its Anti-Money Laundering (AML) courses to reflect FinCEN’s new Customer Due-Diligence (CDD) Rule.
Effective May 11, 2018, covered financial institutions will be required to identify and verify the identity of the beneficial owners of all legal entity customers. Collectively, these course amendments represent the most significant changes of the new rule. Quest CE also recently launched the course “Anti-Money Laundering – Beneficial Ownership,” which provides an in-depth overview of the requirement and discusses potential exclusions and exemptions.
“We’re thrilled to have these updates available weeks before the rule takes effect,” said Quest CE EVP of Sales, Marketing and Client Services, Alex Krenke. “This extensive course audit is a reflection of our commitment to provide the latest and most robust training available for today’s financial professionals.”
Quest CE’s AML training package provides firms with easy access to information vital to detecting and preventing AML violations. Courses range in length, difficulty and subject matter to fit the diverse needs of each firm. The system additionally comes equipped with detailed reporting capabilities to ensure complete employee compliance.
For questions regarding Quest CE’s AML training library, please contact a Quest CE Sales Executive at 877-593-3366 or e-mail firstname.lastname@example.org. To view Quest CE’s Anti-Money Laundering course catalog, click here.
About Quest CE
For over thirty years, Quest CE has been the premier provider of compliance training and tracking solutions to the financial services industry. In addition to offering on-demand insurance and designation continuing education, Quest CE provides a complete spectrum of proprietary technology solutions for managing compliance risk exposures.
Serving more than 1,000 leading insurance carriers, broker-dealers, banks, and other financial institutions, Quest CE is committed to providing advanced custom solutions at cost effective rates, while providing a level of service that greatly surpasses that of our competitors. Quest CE is the single source solution for organizations’ training and compliance needs. For more information on Quest CE, visit www.questce.com.