2023 New Accounts Series

On-Demand Webinar:
StreamedMay 2, 2023
  • 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
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NEW ACCOUNTS SERIES 
90-minute webinars – available live or on-demand

  • Minor Accounts Options & Transactions
  • Handling Trusts & Other Fiduciary Accounts
  • Business Accounts: Setup, Management & Authority
  • Opening NRA Accounts

Purchase webinars individually or save 10% with the series!

SERIES DETAILS

Right or wrong, your accountholders will most often form their opinions of your institution from the interactions they have while opening their new deposit accounts. Equip your frontline staff with the right tools to open any type of account, including minor accounts, trusts and other fiduciary accounts, business accounts, and nonresident alien accounts. Our 2023 New Accounts Series will keep your frontline staff trained and ready to make the right first impression.

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

Included Webinars:

Business Accounts: Setup, Management & Authority
On-DemandWebinar

Business Accounts: Setup, Management & Authority

A lot goes into setting up and properly handling business accounts. This webinar will look at the various structures a business can take, the documentation required for each type, the documents necessary to determine authority over the account, and the BSA beneficial ownership requirements. Once opened, your institution is responsible for ensuring that transactions are handled correctly and monitored for unusual or suspicious activity. Oftentimes new or smaller businesses don’t clearly understand the distinction between business and personal transactions or the institution’s need to confirm the authority of persons attempting to transact on behalf of the business. This session will explore the entire process from onboarding to closing and everything in between. When would an institution need to request updated beneficial ownership or due diligence information? How should requests for changes in authorized signers be handled? What should be done when setting up accounts for multiple businesses operating under one tax ID number? Join us to learn the answers to these questions and more.
Opening NRA Accounts
On-DemandWebinar

Opening NRA Accounts

Opening accounts for nonresident aliens and identifying the person with whom you are doing business has always been challenging. Since the USA PATRIOT Act customer identification program (CIP) law passed, opening these accounts and obtaining the required documentation and identification is trickier than ever. This is also a BSA exam "hot spot" with regulators because NRA accounts are considered high risk. What does the law say about identifying nonresident aliens? What type of identification is being used around the country to open accounts? What are the proper procedures for W-8BEN and 1042-S completion? What role does the Office of Foreign Assets Control (OFAC) play in your new accounts procedures? If you are pondering these questions or other NRA compliance issues, this session is a can’t-miss.
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