The webinar entitled "Banking & EB-5: Understanding the Role of a Bank in EB-5 Transactions" was held on July 30, 2015 at 3:00pm est. The focus will be how banking institutions and financial services providers play a role throughout the EB-5 process in managing risk for investors and projects.
"On this webinar, our expert panel consisting of IIUSA Banking Committee members will discuss the important role a bank plays in an EB-5 transaction in today's regulatory environment, including compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Know Your Customer ("KYC") regulations. Other areas that will be covered in this webinar include:
* Specific places in the capital stock where banks serve EB-5 projects
* Explaining impacts of bank compliance on projects
* Country-specific currency restrictions for banks
* Defining completion guarantees, fully-capitalized projects and inter-creditor requirements
* Use of construction escrow
FirstPathway Partners is honored to have had Mr. Kraft moderate and contribute to this webinar.