Do you understand all the moving parts of business account types, authority, documentation, access, and more?
AFTER THIS WEBINAR YOU’LL BE ABLE TO ANSWER THESE QUESTIONS:
- What is beneficial ownership and which accounts are subject to these BSA requirements?
- Which documents should be obtained for each business structure?
- How do business account signature cards and disclosures differ from consumer accounts?
- Who can open an account in the name of the business, and how do they show the authority to do so?
- How much information regarding the use of the account should be collected upfront?
- Why does it matter when the payee on a check is different than the name on the account?
Business accounts have more moving parts than traditional consumer accounts. From sole proprietorships, to corporations, and everything in between, this webinar will provide the knowledge needed to confidently setup and maintain business accounts. For each business type, you’ll learn the documents required, the correct taxpayer identification number, and who has authority to sign and conduct transactions.
WHO SHOULD ATTEND?
This informative session is designed for anyone opening new accounts, handling business accounts transactions (in person, mail, ATM, call centers), new accounts personnel, tellers, financial services representatives, compliance staff, and auditors.
- Required documentation for each business type
- Certification of beneficial ownership
- Business due diligence checklist
- BSA red flags for business accounts
- Employee training log
- Interactive quiz
MEET THE PRESENTER
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou started her financial institution-related career in 1989, working in the areas of lending, marketing, collections, and a LOT of “other duties as assigned” in many areas of operations. After 5 years she transitioned to a compliance role at a state trade association providing answers on the compliance hotline, writing articles on changing regulations and providing assistance to state and federal governmental affairs departments regarding proposed laws and regulations affecting financial institution operations.
In 2000 she founded Compliance Plus, Inc. to provide more direct assistance to financial institutions struggling with day-to-day compliance challenges. In this capacity she uses her 25 years’ compliance knowledge to provide phone and e-mail support to retainer clients, in-house consulting and training, and website and marketing compliance reviews. She also speaks around the country on compliance issues for various state trade associations, at industry conferences, and of course webinars.