Nonresident Alien Accounts: Opening, Managing, CIP, CDD & Records

On-Demand Webinar:
StreamedNov 29, 2022Duration90 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

Do you need all the help you can get with NRA accounts?

This webinar will cover all the rules and “how tos” to keep you in compliance, but it will also provide a take-away toolkit bursting with samples, guides, and information to make the process easier.  Don’t miss it!
  • Differentiate between resident aliens and nonresident aliens
  • Be familiar with identification documentation you may see at account opening
  • Compare and understand different types of tax identification numbers
  • Accurately complete the W-8BEN in a timely manner
  • Conduct appropriate enhanced due diligence
  • Incorporate processes into your BSA procedures
  • Correctly report NRA transactions to the IRS


Opening and managing accounts for nonresident aliens (NRAs) can be overwhelming.  What kind of identification should you request?  What if the individual doesn’t have a Social Security number?  What initial and ongoing due diligence procedures should be incorporated into your process?  Can you open a loan?  How is year-end interest reported?

This jam-packed session will demonstrate how to effectively identify nonresident aliens, conduct enhanced due diligence at account opening, and appropriately monitor these high-risk relationships.  You will gain important insight into proper tax reporting of NRA accounts.  Tips, tools, and sample language will be provided that you can use to update your policies and procedures.


This informative session is designed for new account representatives, branch managers, loan officers, compliance officers, BSA officers, and staff responsible for preparing consumer tax documentation.


  • Reference tool illustrating the difference between resident and nonresident aliens
  • Sample NRA language for your BSA/AML risk assessment
  • Account opening and due diligence documentation
  • IRS reporting reference guide
  • 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.


"Information provided was exceptional and truly useful and worth the 1.5 hours. I would love a more extensive edition that goes through more of the best practices of other financial institutions."
- Christy, Merck Employees Federal Credit Union

"Easy to understand explanations and examples."
- Chelsi, Sidney Federal Credit Union

"Wonderful speaker. Clear, concise, and thorough. I will be looking out for more webinars from Dawn."
- Matthew, Illinois Community Credit Union

Presented By

Dawn KinkaidDawn Kincaid
Brode Consulting Services, Inc.