Opening Nonprofit Accounts: Compliance Standards & Procedures
Nonprofit accounts present unique compliance risks and documentation challenges. Are your account-opening procedures meeting regulatory expectations for every type of nonprofit organization? This comprehensive webinar will provide a detailed, practical overview of compliance standards and procedures for opening and maintaining nonprofit accounts.
KEY WEBINAR TAKEAWAYS
- Different types of nonprofit organizations and charities
- What we need to know and do to mitigate risk
- When to obtain beneficial ownership information
- Documentation, IRS reporting, and compliance
- Resolutions and signature card issues
BONUS MATERIALS
- New Account Handbook
WEBINAR DETAILS
During this webinar we will dissect all the different types of nonprofit organizations — churches, benefits, campaigns, homeowner’s associations, etc. Participants will learn how to comply with Customer Identification Programs, conduct Customer Due Diligence, and report to the IRS, as well as when and how to use internal documents such as resolutions, signature cards, and beneficial ownership certifications. We will also address special issues for public fund accounts in this detailed comprehensive look at the compliance issues for nonprofit organizations and corporations.
