10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
Compliance is king when opening new deposit accounts. Do you know the essential elements, accountholder disclosures, and federal requirements?
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Comply with CIP and CDD
- Assign accountholders to W-9 or W-8BEN for IRS purposes
- Understand and correctly provide all federal disclosures – Regulations CC, E, and P and TISA
- Comprehend the legal requirements under Reg D for checking, savings, and time deposits
- Correctly conduct the new account interview for federal compliance
This program will focus on the federal requirements to open a new deposit account. It will address how CIP and CDD under the Bank Secrecy Act have affected the identification and questionnaire process and how to place a Regulation CC hold on a new account. You will learn what each required disclosure means to your institution and accountholders. In addition, this program will explain overdraft requirements, W-9 and W-8BEN new account requirements for nonresident aliens, and many other federal issues. Attend this jam-packed session to learn the ins and outs of opening deposit accounts compliantly.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative program will benefit new account representatives, personal bankers, financial service representatives, branch managers, deposit compliance officers, deposit operations staff, and training personnel.
- New account handbook
- Employee training log
- Interactive quiz
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.