Opening Multi-Tiered Business Accounts

Frontline & New Accounts

On-Demand Webinar:

StreamedDec 13, 2021Duration90 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

Onions. The more you peel, the more layers there are.

That’s how multi-tiered business accounts can be. This webinar will take a trip through a wide variety of scenarios to explain what is needed to open these accounts, how they should be structured, and how to run CIP on complex relationships.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Walk through the scenarios before you receive Letters Testamentary
Run CIP on complex business relationships
Understand and complete beneficial ownership
Track the authority requirements for multi-tiers on business accounts
Have a systematic approach to all business accounts

WEBINAR DETAILS

This fast-paced program on multi-tiered business accounts will address the following scenarios:

A trust as the owner of a sole proprietorship
Sole proprietorships with multiple DBAs
Corporations and LLCs with DBAs
LLCs whose members are businesses and trusts
Partnerships whose partners are businesses

It will also cover other scenarios to teach you how to build a methodology for approaching complex relationships that have multiple tiers – and perhaps in multiple states.

WHO SHOULD ATTEND?

This thorough webinar will benefit deposit compliance and operations staff, BSA personnel, loan officers, branch managers, new accounts staff, trainers, and anyone who opens business accounts.

TAKE-AWAY TOOLKIT

New account handbook
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 financial institution is prohibited. Print materials may be copied for eligible participants only.