20 Types of Legal Ownership Plus CIP, CDD, & Beneficial Ownership
You’ve heard of 20 questions, but can you name 20 types of account ownership? This webinar will explain everything you need to know about deposit accounts, documentation, making changes, CIP, CDD, beneficial ownership, and more. The new account manual you’ll receive will be extremely detailed. Don’t miss this must-attend session!
WEBINAR HIGHLIGHTS:
- Opening and documenting personal, fiduciary, and business accounts
- How setting up accounts improperly can create liability for your financial institution
- Creating consistency on how accounts are opened
- Signature card danger zones and examples
- How customer information file (CIF) systems can create errors in ownership and signature card conflicts
- Adding owners, making changes, and other issues after the account is opened
- How to follow the authority trail established in the paperwork
- What an attorney-in-fact can and cannot do on individual accounts
- How to change business account signers and owners
WEBINAR DETAILS
This program will be an A-to-Z on account ownership and documentation. It will go from single-party accounts to the most complex type of business accounts. It is a must-attend program for anyone who opens accounts or manages the new account function. Your financial institution’s signature card, documentation, and authority procedures can create big liability if you do not understand the type of ownership and the checks that go with these accounts.
WHO SHOULD ATTEND?
This webinar will benefit new accounts representatives, call service representatives, branch managers, assistant branch managers, branch administration, deposit operations staff, BSA and CIP personnel, trainers, and anyone who works with or manages the new account function.
