Business Accounts Beyond Basics: Multi-Tiered, Beneficial Ownership, CIP & CDD
How would you rate your skill at opening business accounts? Are you adept at setting up and documenting multi-tiered accounts? Are you fluent in CIP, CDD, and EDD? Do you know how to handle escrows, resolutions, agents, and signature cards? This deep dive will go beyond the basics of business accounts to enhance your skills and knowledge.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Complete CIP, CDD, and EDD on complex businesses
- Move beyond basics to account setup for escrows, IOLTAs, and agents
- Understand how to work with series LLCs – parent and child
- Handle deceased accountholders on different ownership types
- Use resolutions and signature cards to protect your organization
- Update your beneficial ownership information
WEBINAR DETAILS
Join us to learn how to set up and document multi-layered business accounts and learn to complete CIP, CDD, and EDD on multiple-layered accounts. It will cover DBAs, including corporations and LLCs with trade names, as well as individually owned DBAs. You will learn about multi-layered LLCs, including series LLCs. This class will cover resolutions, signature cards, online banking, debit cards, disclosures, and all the tricky issues for businesses in a complex world. Plus, it will provide an update on beneficial ownership status.
WHO SHOULD ATTEND?
This informative session is designed for new accounts representatives, branch staff, branch managers, trainers, lending staff, deposit operations personnel, compliance staff, and BSA professionals.
