Opening Deposit Accounts Online: Risks, E-SIGN, Compliance
On-Demand Webinar:
StreamedAug 20, 2025Duration60 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
Online account opening is becoming mainstream – but it’s not without risk.
A cascade of compliance
regulations apply, including BSA, CIP, CDD, E-SIGN, and more. Would you be able
to identify a red flag? What about reporting suspicious activity? Are you adept
at wading through the documentation? If all this seems like paddling upstream,
this webinar will bring smooth sailing.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Explain and implement the six-step consent process to open “no-contact” accounts
- Understand which deposit regulations are related to E-SIGN and have specific compliance provisions
- Use the most recent BSA guidance for satisfying the due diligence requirements for CIP
- Define and identify acceptable documents to open accounts and incorporate risk mitigation strategies into the new account process
- Determine if enhanced due diligence is required to open the account
WEBINAR DETAILS
Opening deposit
accounts online is a different process than in person. Compliance with E-SIGN
requirements is one piece of the puzzle. Knowing the “true identity” of the consumer
for BSA and CIP purposes completes it. What additional out-of-wallet questions
should be asked when accounts are opened online? How does electronic account-opening
impact the BSA risk assessment process? Attend this detailed program to learn
about the additional controls needed to protect your financial institution and about
red flags for reporting suspicious activity.
WHO SHOULD ATTEND?
This informative session
will ensure compliance with e-banking and is targeted for compliance officers,
risk managers, deposit operations managers, business development managers, and
others responsible for managing online banking, E-SIGN compliance, e-statements,
and e-disclosures for deposit accounts.
TAKE-AWAY TOOLKIT
- Current exam procedures and many resources for online banking
- E-SIGN checklist and answers to common questions
- Social media policy template
- 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.
Presented By

Compliance Training & Consulting for Financial Institutions
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