Archive for: IRAs

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Notary Essentials, Virtual Notarizations & Legalities

Notaries are the unsung champions of countless transactions and contracts. Their willingness to assume personal liability for each notarization underscores the importance of compliantly fulfilling their duties. That includes following the rules for electronic, virtual, and remote notarizations. This must-attend session will delve into the details.

After This Webinar You’ll Be Able To:

  • Understand your responsibilities under the five pillars of BSA
  • Identify red flags and report potentially suspicious activity
  • Gather required CDD information, including beneficial ownership data
  • Comply with OFAC screening responsibilities
  • Determine how to respond to the latest lending-related BSA “hot buttons”
  • Detail penalties for noncompliance

Webinar Details

Notaries must fully understand their duties and responsibilities. Individuals assume personal liability when serving as a notary, and their employer (i.e., your financial institution) can also be held liable. This program will teach notaries how to understand and correctly execute their duties and responsibilities. Furthermore, many states have authorized some form of virtual, electronic, and remote notarizations and this program will explain the applicable rules.

Who Should Attend?

This informative session will be beneficial for all notaries and their managers.

Take-Away Toolkit

  • Websites for each state listing notary requirements
  • 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.

Presenter
Elizabeth Fast – Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.

Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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IRA Year-End Update: New & Important IRA Issues & Answers

Are you up to date on the most important issues facing traditional and Roth IRA owners?

Presented in an easy-to-understand format, this webinar will identify and address key areas of IRA reporting, how to avoid administrative noncompliance, and the July 14, 2023, guidance regarding IRA beneficiary distributions under the 10-year rule.
This webinar is part of the 2023 IRA Series.

After This Webinar You’ll Be Able To:

  • Review IRS Notices 2023–54 and 2022–53
    • Understand relief provided under Notice 2023-54 for certain missed beneficiary distributions under the 10-year rule and certain missed 60-day rollover period deadlines
  • Identify IRA beneficiary options for deaths occurring on or after January 1, 2020
  • Use beneficiary options quick reference charts
  • Examine new required 2023 federal income tax withholding requirements, including IRS Form W-4R
  • Determine when traditional IRA RMDs (required minimum distributions) must commence
  • Understand important considerations when minors or organizations are named as IRA beneficiaries
  • Distinguish whether divorce will impact IRA beneficiary designations

Webinar Details
In this timely session you will learn about your many responsibilities when managing and administering traditional and Roth IRA accounts and it will ensure that you are up to date on current IRA issues and IRS guidance. This session will cover a lot of ground, including a detailed review of IRS guidance issued on July 14, 2023, regarding handling certain IRA beneficiary distributions under the 10-year rule. Whether you have operational, managerial, or customer contact responsibilities, you will benefit from this practical session.

Who Should Attend?
This informative webinar will benefit everyone at your organization who is involved with IRA accounts, including service representatives, operations staff, compliance staff, administrative personnel, management, trust department staff, and those licensed for insurance and securities.

Take-Away Toolkit

  • 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.

Presenter
Frank LaLoggia — LaLoggia Consulting, Inc.

Frank LaLoggia is the president of LaLoggia Consulting, Inc., Rochester, New York, a pension consulting firm that assists financial organizations with ongoing support in the creation, development, and marketing of their retirement plans offerings.

LaLoggia coordinates and conducts retirement plan seminars and training programs throughout the United States, including in-house IRA, HSA, and employer retirement plan training sessions. With over 39 years’ experience in employee benefits, he has assisted many leading financial organizations in the pension and financial services industries. LaLoggia has achieved the designation of Deferred Compensation Specialist through Northeastern University’s Center for Continuing Education and The National Retirement Plans Training Conference.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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Robbery: Prevention, Safety, & Current Threats

Could someone currently be casing your bank? What makes one location more favorable than another to a robber? How can you deter robbers from selecting your institution? Every employee can play a role in prevention, and it is critical that all personnel are prepared and trained in the safest response methods. Attendees will learn various approaches used by crooks, how employee observations can be valuable, and essential actions to take following a robbery.

After This Webinar, You’ll Be Able To:

  • Discern recent robbery trends
  • Recognize vulnerabilities within your habits and environment
  • Realize the importance of safe opening procedures
  • Know what to do during a robbery and what to avoid
  • Strengthen situational awareness
  • Understand your role in prevention
  • Identify habits that endanger
  • Learn how to reduce risk

Who Should Attend?
This evergreen topic will benefit all financial institution employees.

Take-Away Toolkit

  • Robber description form
  • Before, during, and after a robbery checklist
  • 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.

Presenter Bio
Carol Dodgen is the owner of Dodgen Security Consulting, LLC. Since 1998, her company has provided services including training, ATM lighting inspections, and security assessments to financial institutions, government entities, and businesses. Previously, Dodgen served as the security training officer for Compass Bank. She earned a Master’s in Criminal Justice and spent several years as an adjunct criminal justice instructor.

Dodgen is a nationally recognized speaker who has provided training for over 150,000 corporate, manufacturing, utility, law enforcement, and security personnel over the past 26 years. She holds a Crime Prevention Designation and provides instruction on crime prevention, workplace violence, and robbery. In 2009, Dodgen was appointed by the governor to the Alabama Security Regulatory Board and served for six years as vice chair.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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Fighting Fraud: Recognizing Red Flags & Assisting Accountholders

Scam… another rotten four-letter word. Too many accountholders fall victim to various scams and fraud schemes. Do you know how to help them? What are your procedures and reporting requirements? Can you spot red flags? This must-attend webinar will teach you about procedural best practices for responding to fraud and suspected identity theft and when, how, and to whom to report fraud.

After This Webinar You’ll Be Able to:

  • Identify red flags for fraud and scams facing your financial institution and your accountholders
  • Recognize counterfeit checks before they become check fraud losses
  • Discuss risk management practices and controls
  • Implement procedures for employees to report suspected fraud
  • Understand reporting requirements and guidance of the BSA, FTC, and more

Webinar Details
Accountholders continue to fall victim to the ever-evolving scams and schemes targeting them daily. “You’ve won a foreign lottery!” “Get paid big money to work from home!” “You qualify for a $50,000 LOC; just pay $8,000 in closing costs!” You’ve likely heard it all! This session will address the latest scams consumers face and how to recognize the red flags. It will walk through the process of identifying fraud and talking to accountholders when you believe they’ve fallen victim to a con. Tools and resources will be provided to make those conversations go a little easier.

WHO SHOULD ATTEND?
This informative session is directed at frontline staff, branch managers, operations personnel, fraud officers, risk managers, BSA officers, and compliance officers.

TAKE-AWAY TOOLKIT

  • Sample suspicious activity incident report
  • Red flags for hot button fraud areas
  • Fraud prevention checklist
  • 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.

Meet the Presenter: Dawn Kincaid – Brode Consulting Services Inc

Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Kincaid served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.

Kincaid has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

REGISTRATION OPTIONS

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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Countdown to New Beneficial Ownership Rules: Effective January 1, 2024

Beneficial ownership and BSA go hand in hand. The new beneficial ownership rules will have a big impact on business accounts, among other things. Are you ready for the January 1, 2024, changes? Do you know how they will impact your processes and procedures? Popular presenter Debbie Crawford will provide unique, comprehensive insight. This is a must-attend program!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand what accountholders must do and know before January 1, 2024
  • Describe key definitions
  • Explain who is in and who is out for beneficial ownership
  • Ascertain what a reporting company is
  • Identify who a beneficial owner is and the new exemptions
  • Determine who will have access and how the database will be accessed
  • Rewrite policy, procedures, and processes

WEBINAR DETAILS
It’s game time for beneficial ownership! What do we know? What do we have to change? What do we have to do to get ready for this new regulation? This program will look at what needs to be done. It won’t be business as usual for beneficial ownership. The new database, Beneficial Ownership Secure System (BOSS), will open January 1, 2024. Get ready for this important BSA development for business accounts.

WHO SHOULD ATTEND?
This informative session is designed for BSA officers, BSA staff, branch administration, loan administration, compliance staff, senior management, and trainers.

TAKE-AWAY TOOLKIT

  • Beneficial ownership handbook of all the regulations and discussion in the Federal Register
  • 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.

MEET THE PRESENTER – Deborah Crawford, Gettechnical Inc
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation.  Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Crawford specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

REGISTRATION OPTIONS

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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Regulation CC for Tellers

Reg CC issues abound. They take up a large share of each teller’s day. Despite its prevalence, there are many Reg CC misconceptions that are yet to be debunked — which can result in losses for your financial institution. Join this A-to-Z, jam-packed program to learn about definitions, disclosures, holds, substitute checks, and how to avoid errors. All participants will receive an in-depth Reg CC handbook.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Define terms, including next-day item, local checks, banking days, and business days
  • Count days
  • Decide whether to hold or not
  • Place holds on cashier’s, Treasury, and official checks
  • Know how to place a new-account hold
  • Place large deposit, reasonable cause, and repeated overdraft holds
  • Handle mobile deposits, endorsements, and substitute checks
  • Read and understand your disclosures

WEBINAR DETAILS
Financial institutions take losses daily because of the many misconceptions about check holds. In 1993, the regulation changed so that holds can be placed on Treasury checks and cashier’s checks. But many financial institutions still believe they cannot because of a misunderstanding about the definition of a next-day item. This program will look at what you can and what you cannot do under Regulation CC. It will clear up the misinformation that is still circulating and help your institution place legitimate holds on checks when necessary. You won’t want to miss this A to Z on Regulation CC for tellers.

WHO SHOULD ATTEND?
This informative session is designed for frontline staff, new accounts personnel, deposit operations employees, auditors, and compliance officers.

TAKE-AWAY TOOLKIT

  • Regulation CC handbook with quizzes, flowcharts, and tables to assist in holds
  • 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.

MEET THE PRESENTER – Deborah Crawford, Gettechnical Inc
Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of financial institutions across the nation.  Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees.

Crawford specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.

REGISTRATION OPTIONS

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
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IRAs Part 3 – Distributions to IRA Owners and Beneficiaries 2023

For series pricing, click here.

The IRS has increased the required beginning age for IRA owners to begin distributions twice in the last 3 years. Every time this happens, it creates a huge dilemma and opens the door for various interpretations of the new rules – many of which are incorrect. We will address by birth year who is eligible to postpone distributions to the increased ages. Also, what happens if an IRA owner who turned 72 this year mistakenly took an RMD when they were not required to?

And then there are the beneficiaries… The three categories of beneficiaries identified in the SECURE Act of 2020 have different payout options at the death of the owner. The problem is that the IRS has changed their minds 3 times since this act was signed into law and then postponed the implementation of the proposed regulations twice. This also leads to a treasure chest of bad information and interpretation to the general public.

What You’ll Learn

  • Who can wait until age 73 to start RMDs from IRAs?
  • When does the RMD age increase to age 75?
  • How to process ‘mischaracterized’ RMDs that were taken by someone who turned 72 this year?
  • What are the payout options for non-spouse beneficiaries depending on the IRA owner’s RMD status at death?
  • When does a successor beneficiary get their own 10-year payout period?
  • Federal Withholding requirements – W-4R vs. W-4P?”

Who Should Attend?
Anyone who is remotely involved with IRAs and answering client’s questions on the old and new IRA distribution rules — especially to beneficiaries. Customer service reps, financial and estate planners, IRA operations department, tellers, call centers, and frontline personnel would all benefit from this informative Webinar.

Presenter
Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Konarik has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics.

Registration Options
Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • Additional Live Access + $85 per person
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IRAs Part 2 – Rollovers and Transfers 2023

For series pricing, click here.

One of the biggest sources of IRA customers getting letters and bills from the IRS is because of the misreporting of rollovers vs. transfers. This problem has existed for over 40 years and it’s not rocket science! The most important aspect of moving money from IRA to IRA or QP to IRA is that both the sending side and the receiving side have to code the transaction pretty much the same. When one bank codes it as a distribution and other bank code it as a transfer credit, the IRS computers explode and send out letters and bills to the customer. Many banks think they can make up their own definition of a rollover vs a transfer, but the IRS is clear in the rules and regulations when the moving of IRA funds is reported to the IRS and when it is not reported.

What You’ll Learn

  • What are the 3 most important questions when moving funds between retirement accounts?
  • How do you determine the type of issuing plan?
  • What happens when a transfer is coded as a rollover or a rollover is coded as a transfer?
  • How do we correct our IRS reporting mistakes?
  • When would the bank ever code a distribution as a rollover debit?
  • What’s the difference between a rollover and a conversion?
  • What are the rules on how many times an IRA can be moved as a rollover in a 12 month period?

Who Should Attend?
Whether you are a rookie or an experienced IRA ‘expert’, this 2-hour webinar will break down the importance of knowing the difference and how to train your personnel regarding what questions to ask when sending and receiving money.

Presenter
Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Konarik has focused her expertise on the retirement account area and is currently providing live training and Webinars on IRAs and Health Savings Accounts on a nationwide basis. She has a BS in Management Science from New York’s Binghamton University. Many state banking associations and other organizations use her as their main source for training on these complicated topics.

Registration Options
Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + Digital Download +$140
    • Additional Live Access + $85 per person
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WBA IRA Workshops

IRA Essentials Workshop will be held November 1, 2023 from 8:30 A.M. to 4:30 P.M.
Advanced IRA Workshop will be held the following day on November 2 from 8:30 to 4:30 P.M.
Both workshops will be held at the WBA Office in Madison

VIRTUAL OPTION: You may choose to attend the school via livestream using Zoom. You’ll select your registration choice during registration. *We encourage attendees to consider attending in-person for the greatest experience and most efficient networking with peers. However, the virtual option is available for those who may not be feeling well and wish to watch the sessions from their office.*

IRA Essentials gives attendees a solid foundation of IRA knowledge. Exercises are included throughout the day to help participants apply information to job-related situations. Attendees will leave this session able to work with IRA owners and process basic IRA transactions with confidence. This is a beginner’s session; no previous IRA knowledge is assumed. Attendees should bring a hand-held calculator.

Advanced IRAs builds on the attendees’ basic IRA knowledge to address some of the more complex IRA issues that their financial organizations may handle. This is an advanced session; previous IRA knowledge is assumed. The instructor uses real-world exercises to help participants apply information to job-related situations.

PLEASE NOTE: We will be offering another Advanced IRA Workshop on  March 5, 2024, should you want to spread out the days you wish to attend.

Who Should Attend: 

• A financial professional who recognizes that IRAs play an integral role in retirement planning

• A compliance specialist with procedural oversight of IRA policies and practices

• A support personnel responsible for promotional materials that describe the services provided by your financial institution

Registration Information: The registration fee of $245/session/attendee includes program registration, instruction and materials.

Refund Policy: A refund, less a $25 administrative fee, is available for cancellations received in writing to WBA Education on or before two weeks prior to the event start date.

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How to Build a Robust Security Training Program – Free Webinar

In this course, we’ll discuss the key elements in building a comprehensive and effective security awareness program, and help you start to understand what it means to build a security-first culture.

Security awareness training helps organizations prepare to defend against today’s most threatening cyberattacks. But if training — often viewed as the last line of defense — is truly impactful, then why do we still have so many breaches? One reason is because of the frequency with which these attacks are occurring. Social engineering and phishing attacks are on the rise.

Another reason is that not all security awareness programs are created equal. While leveraging a “one-size-fits-all” solution can work for maintaining compliance, is it really preparing your employees to take the right action when a phishing attempt sneaks into their inbox? With most people forgetting the majority of infrequent and insufficient training, how can security and risk management leaders ensure their security awareness program sticks?

What You’ll Learn

  • Adult Learning & Content Strategy
  • Security Awareness Topics
  • Phishing Simulations
  • Program Support

Who Should Attend
Everyone is welcome to this webinar as everyone should have a plan in place for security. Security Awareness Training is quickly becoming a mandatory part of everyone’s lives and we want to help keep everyone safe from online attacks.

Instructor Bio
John Trest is responsible for leading the development of Inspired eLearning’s award-winning library of Security Awareness and Compliance training content, from the engaging instructional design to the high-quality multimedia production. He has been a member of Inspired’s team since 2009 and has over 20 years of experience in creating and delivering eLearning courses for a broad variety of industries and subjects. He’s passionate about creating quality security awareness content that is both engaging and impactful.

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questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

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