Updating Business Account Procedures: CIP & Beneficial Ownership
On-Demand Webinar:
StreamedJan 10, 2024Duration90 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
This jam-packed webinar will help you update your business account procedures.
It
will illuminate issues like resolutions, taxpayer ID numbers, signature cards,
and documentation, and provide the latest update on the beneficial ownership
rules. Ensure your CIP program is A-OK with this timely topic.
WEBINAR HIGHLIGHTS:
- IRS reporting on business accounts, including disregarding an entity
- CIP and beneficial ownership
- State documentation and paperwork
- Account authorization and account cards
- What happens if owners change, die, or resign?
- Update on beneficial ownership status
WEBINAR DETAILS
This program will look at all the regulatory issues
surrounding business accounts, including IRS issues on taxpayer identification
numbers; BSA issues such as customer identification programs (CIP) and customer
due diligence (CDD); and a beneficial ownership update and coverage. Business
accountholders are registering for the new national database beginning January
1, 2024, but there are no actionable items for financial institutions.
This
webinar will look at the effect of the new definitions and rules and if the
regulation comes out by January, that will be covered, too. Join us to learn
the ins and outs of how to gain documentation, signature cards, and resolutions
for each business.
WHO SHOULD ATTEND?
This informative session
is designed for compliance officers, deposit operations staff, trainers, BSA
personnel, and new accounts staff.
TAKE-AWAY TOOLKIT
- New deposit account manual with sample procedures, checklists, and reference materials
- 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.
TESTIMONIALS
"Deborah is such a great trainer. She has extensive knowledge and the information she shares is exceptional. I always appreciate all the support materials that are provided with her trainings. Thanks!"
- Annette, Advantage Plus Federal Credit Union
"She explained the new rules in terms that is clearly understood. She gives very good examples of what not to do. I like getting the reference tools and checklist that she had provided for us to use."
- Theresa, Hometown Credit Union
"Clear, concise, and great materials to use to build procedures. The presentation was all encompassing, and Deborah is a great presenter."
- Tami, Rio Grande Valley Credit Union
Presented By
Gettechnical, Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
