Business Accounts: Setup, Management, & Authority
Business accounts require special handling. Owners need and want a solid partner to handle their financial accounts and provide much-needed products and services. Starting with the onboarding process, they want to have confidence that they have chosen the best institution. Are you the right fit? Take this opportunity to learn what goes into opening and managing business accounts with confidence.
After This Webinar You’ll Be Able to:
- Identify the documentation needed to establish a business account
- Use the correct signature card and disclosures for legal entities
- Define the term Beneficial Ownership
- Explain which taxpayer identification number is needed based on the form of business
- Distinguish between owners and authorized signers
Webinar Details
A lot goes into setting up and properly handling business accounts. This webinar will look at the various structures a business can take, the documentation required for each type, the documents necessary to determine authority over the account, and the BSA beneficial ownership requirements. Once opened, your institution is responsible for ensuring that transactions are handled correctly and monitored for unusual or suspicious activity. Oftentimes new or smaller businesses don’t clearly understand the distinction between business and personal transactions or the institution’s need to confirm the authority of persons attempting to transact on behalf of the business.
Who Should Attend?
This informative session is designed for new accounts personnel, business relationship managers, compliance staff, and auditors.
Take-Away Toolkit
- Business account opening checklist
- Business account questionnaire
- Business identity theft red flags list
- 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: Mary-Lou Heighes – Compliance Plus, Inc.
Mary-Lou Heighes is president and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Heighes has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.
Involved with financial institutions since 1989, Heighes has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
REGISTRATION OPTIONS
- $279 – Live Webinar Access
- $279 – OnDemand Access + Digital Download
- $379 – Both Live & On-Demand Access + Digital Download
