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PODCAST: Anti-Money Laundering and the New Beneficial Ownership Rule — C&M's Trump: The First Year Series

Jun.22.2017

What does the new beneficial ownership rule mean for lenders and other businesses? As part of our “Trump: The First Year” series, International Trade Group partners Carlton Greene and Cari Stinebower sit down with Commercial Finance & Lending Senior Counsel Scott Lessne to discuss the new rule. Prior to joining the firm in 2015, Carlton served as chief counsel of FinCEN and also worked for OFAC at the Dept. of the Treasury. Cari has previously worked as an attorney advisor for the Office of the General Counsel at OFAC. Scott's practice involves the representation of financial institutions and corporate clients in connection with the negotiation and documentation of commercial, asset-based, project-related, and real estate loan transactions.

Discussed in this 33 minute podcast:

  • An overview of the new CDD rule, including what is covered.
  • How can banks identify beneficial owners? Who is responsible?
  • How does this affect small institutions versus large ones?
  • What new technology might affect this space?
  • What do covered businesses need to know and do?

Click below to listen or access from one of these links:
PodBean | SoundCloud | iTunes

For more information, please contact the professional(s) listed below, or your regular Crowell & Moring contact.

Carlton Greene
Partner – Washington, D.C.
Phone: +1 202.624.2818
Email: cgreene@crowell.com

Scott Lessne
Senior Counsel – Washington, D.C.
Phone: +1 202.624.2597
Email: slessne@crowell.com

Crowell & Moring LLP is an international law firm with offices in the United States, Europe, MENA, and Asia that represents clients in litigation and arbitration, regulatory and policy, and transactional and corporate matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation and government-facing matters, as well as its ongoing commitment to pro bono service and diversity, equity, and inclusion.

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