Financial Industry Essentials Module 3: Business Accounts: Deposits, Loans & Account Ownership

IT & Cybersecurity Auditing & Accounting Collections Compliance Frontline & New Accounts Human Resources Lending Marketing Operations Deposit Account Compliance Managers & Supervisors

Opening even a “basic” business account can involve considerable time, paperwork, and risk!

It can be daunting to meet the regulatory requirements and understand the commercial products and services offered specifically to meet the needs of commercial accountholders and borrowers. This segment will provide an overview of common ownership types (sole proprietorships, LLCs, nonprofits, etc.) and best practices for the documentation required to meet your due diligence requirements.

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