Opening New Accounts: Documentation and Compliance – 3-Part Series

This is a three-part series to be held on November 8, 14, and 16. The prices below include all sessions. Each session can also be attended individually by clicking on the links below.

Included Webinars
Opening New Accounts: Documentation and Compliance – Business Accounts
Opening New Accounts: Documentation and Compliance – Personal and POA Accounts
Opening New Accounts: Documentation and Compliance – Fiduciary, Trust and Estate Accounts

Series Details
Opening New Accounts: Documentation and Compliance – Business Accounts

November 8, 2022, 10:00 am CST

This two-hour webinar examines not only the documentation requirements on business entities available in most states but provides clarity on how to identify who has authority to open and transact on behalf of the entity.

What You’ll Learn
What is the securest way to determine who has authority to open and transact on a business account?
How to best verify if a business entity is legitimate.
When can a business owner use an SSN vs. an EIN?
When does a bank need a partnership agreement, bylaws, or operating agreement?
How does Beneficial Ownership fit into the picture?
Gain a clear understanding of how to protect your financial institution and community with proper regulatory compliance and documentation.

Opening New Accounts: Documentation and Compliance – Personal and POA Accounts

November 14, 2022, 1:30 pm CST

This two-hour webinar focuses on the risks, procedures, best practices, and compliance requirements for opening Personal and Consumer Accounts.

What You’ll Learn
Understanding risks, procedures, best practices, and compliance requirements when opening Personal Accounts
6 step due diligence account opening process and how it can protect a financial institution if ever sued by a customer
Personal accounts with and without right of survivorship ownership options and the impact on a customer’s estate PLAN
Proper account titling and TIN requirements
Designated signer or power of attorney to a personal account
Who can transact on personal accounts at the death of a signer

Opening New Accounts: Documentation and Compliance – Fiduciary, Trust and Estate Accounts

November 16, 2022, 10:00 am CST
This two-hour webinar will delve into the responsibilities of collecting appropriate documentation, providing ownership options, titling accounts correctly, and allowing proper access to Trust, Fiduciary and Minor accounts not only during lifetime but at the death of a signer as well.

What You’ll Learn
What’s the difference when opening a Revocable or Irrevocable Trust?
Living Trusts – Why so Popular?
Learn how Fiduciary accounts create an element of risk if not handled properly.
How to handle an account when the actual owner of the funds is not present.
Responsibilities for collecting appropriate documentation.
When to use an SSN vs. an EIN.
Allowing proper access to Fiduciary accounts not only during life but also at the death of a Fiduciary.
How to handle more complex scenarios when opening a trust or fiduciary account,
How to manage the more challenging questions customers and employees ask. ”

Who Should Attend?
Customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts. Personal bankers, BSA officers, deposit operations, branch administration, CIP managers, training and business development officers, internal auditors, and compliance officers will find the information beneficial. Lending assistants and officers will find the information informative as well.

Presenter

With over 40 years of banking experience, Suzie Jones has a reputation as being extremely knowledgeable and high-energy with a unique ability to take technical information and make it interesting and applicable. After 22 years, Suzie recently retired as an Executive Vice President from a large regional bank where she provided overall leadership and risk management to the $11B Investments Division. For decades Suzie opened new accounts, managed new account teams, and provided hands-on input and leadership to the AML and BSA Committees within the bank. Suzie has a passion for sharing technical knowledge and lessons learned to provide risk management and promote excellence in the workplace. She partners nationally with individual banks, credit unions, private companies, small boutique firms, and provides training for 13 state bank associations.

Registration Options

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $769
  • Available Upgrades:
    • 12 Months OnDemand Playback + $280
    • 12 Months OnDemand Playback + CD  + $370
    • Additional Live Access + $225 per person
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Date

Nov 08 - 16 2022

Time

10:00 am - 12:00 pm

Cost

$769.00

More Info

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