Beneficial Ownership

Includes a Live Event on 10/30/2019 at 1:00 PM (PDT)

In May of 2016, the U.S. Department of the Treasury issued final rules under the Bank Secrecy Act (BSA) to clarify and strengthen customer due diligence (CDD) requirements, with an implementation of May, 2018. The new rules, referred to as Beneficial Ownership, now require financial institutions to establish and maintain written procedures to incorporate the identification of beneficial owners of legal entities within AML compliance programs. Join WesPay for an informative and in-depth look at the new Beneficial Ownership rules to ensure you are in compliance with the most recent regulatory guidelines.

Connie LaChance, AAP, NCP, APRP

Vice President, Education & Training

Before coming to WesPay, Connie has spent nearly twenty years working in the Credit Union industry. She began her career in accounting and quickly became immersed in ACH payments. For over twelve years, she has been in involved in ACH Operations; with the past eight years managing the ACH department at Ent Credit Union and participating in the Federal Reserve’s Retail Payments Advisory Group. Connie currently holds the AAP, NCP, and APRP designations.

Patty Presta, AAP

VP, Professional Development Events

Patty Presta is Vice President of Professional Development Events at WesPay and is an Accredited ACH Professional who has conducted ACH training since 1997. Her responsibilities include training financial institutions through live workshops, webinars, and webcasts, as well as consulting on such topics as ACH Origination, Risk Management and other electronic payment-related issues. Patty has taught at NACHA’s Payments Conferences and Payments Institute and has also served on several NACHA Rules work groups and task forces. Prior to joining WesPay, Patty worked at the New England ACH Association as their AVP of Education.

Chris Selmi, AAP, CRCM

SVP, Risk & Regulatory Compliance

Chris is a recognized industry expert in managing payment-related regulatory impacts and risk mitigation. He consults to financial institutions to develop processes and programs to facilitate compliance with payment law and regulation and industry standards. Prior to joining WesPay, Chris spent sixteen years at Bank of America in the electronic payments group where his responsibilities included operations management, project support, and client and application testing and where he served as the compliance and regulatory control manager for both ACH and Wire payments.

Chris served as Bank of America’s representative on the WesPay Board and as the Chair of WesPay’s Rules Advisory Council and the Risk Management Advisory Council. He is a member of NACHA’s Risk Management Advisory Group.

Chris holds the designation of Accredited ACH Professional (AAP) and Certified Regulatory Compliance Manager (CRCM).

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Beneficial Ownership
10/30/2019 at 1:00 PM (PDT)   |  60 minutes
10/30/2019 at 1:00 PM (PDT)   |  60 minutes In May of 2016, the U.S. Department of the Treasury issued final rules under the Bank Secrecy Act (BSA) to clarify and strengthen customer due diligence (CDD) requirements, with an implementation of May, 2018. The new rules, referred to as Beneficial Ownership, now require financial institutions to establish and maintain written procedures to incorporate the identification of beneficial owners of legal entities within AML compliance programs. Join WesPay for an informative and in-depth look at the new Beneficial Ownership rules to ensure you are in compliance with the most recent regulatory guidelines.
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