Consumer Account Documentation: Best Practices
On-Demand Webinar:
StreamedDec 13, 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
Opening a new account is detail intensive.
There
are so many types, so many rules, so much documentation – and innumerable
opportunities for mistakes. Up your game
by attending this robust webinar that will answer all your account
documentation questions and instill best practices.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Grasp CIP and CDD requirements, including documentary and non-documentary identification methods, risk profiles, and tax identification numbers
- Understand required documentation and monitoring procedures for high-risk accountholders
- Distinguish common ownership types and the account titling, ownership, authorities, CIP verification, and tax reporting associated with each
- Explain the importance of the disclosures required at account opening
- Employ the provided tools and charts to make your new accounts process more efficient
WEBINAR DETAILS
Opening even a basic checking account can involve
considerable time, paperwork, and risk!
Every accountholder’s situation is different and there is often
uncertainty about account ownership, required identification, and how to
conduct appropriate due diligence. It
can be daunting to meet regulatory requirements, make consumers aware of your
institution’s products and services, and provide a positive service experience
throughout the process. This jam-packed
session will dissect consumer account opening compliance issues, go through the
account opening operation from start to finish, and provide loads of tools to
incorporate into your process.
WHO SHOULD ATTEND?
This informative session
is designed for new accounts personnel, deposit operations staff, branch
managers, and compliance officers.
TAKE-AWAY TOOLKIT
- Detailed tables for each consumer account type reviewed
- Sample risk profile form
- 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 agency is prohibited. Print materials may be copied for eligible participants only.
Presented By

Brode Consulting Services, Inc.
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