20 Types of Legal Ownership Plus CIP, CDD & Beneficial Ownership

Compliance Frontline & New Accounts Lending

On-Demand Webinar:

StreamedMay 2, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

You’ve heard of 20 questions, but can you name 20 types of account ownership?

This webinar will explain everything you need to know about deposit accounts, documentation, making changes, CIP, CDD, beneficial ownership, and more. The new account manual you’ll receive will be extremely detailed. Don’t miss this must-attend session!

WEBINAR HIGHLIGHTS:

Opening and documenting personal, fiduciary, and business accounts
How setting up accounts improperly can create liability for your financial institution
Creating consistency on how accounts are opened
Signature card danger zones and examples
How customer information file (CIF) systems can create errors in ownership and signature card conflicts
Adding owners, making changes, and other issues after the account is opened
How to follow the authority trail established in the paperwork
What an attorney-in-fact can and cannot do on individual accounts
How to change business account signers and owners

WEBINAR DETAILS

This program will be an A-to-Z on account ownership and documentation. It will go from single-party accounts to the most complex type of business accounts. It is a must-attend program for anyone who opens accounts or manages the new account function. Your financial institution's signature card, documentation, and authority procedures can create big liability if you do not understand the type of ownership and the checks that go with these accounts.

WHO SHOULD ATTEND?

This webinar will benefit new accounts representatives, call service representatives, branch managers, assistant branch managers, branch administration, deposit operations staff, BSA and CIP personnel, trainers, and anyone who works with or manages the new account function.

TAKE-AWAY TOOLKIT

New account manual
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

TESTIMONIALS

"As always, I enjoy hearing Deb's trainings. They are always full of information that I cannot wait to share with the rest of my credit union and discuss with our compliance team. Thank you for all that you do!"

- Jennifer, Interra Credit Union