Opening Nonresident Alien Accounts

Compliance Frontline & New Accounts Operations Deposit Account Compliance

On-Demand Webinar

StreamedSep 16, 2026Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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High-risk account opening demands clear procedures and confident decisions.

Strengthen your CIP, W-8, OFAC, and BSA procedures for resident, nonresident, and illegal alien accounts while addressing current regulatory expectations and exam hot spots.

KEY WEBINAR TAKEAWAYS

Resident, nonresident, and illegal aliens — our responsibilities
1042S interest reporting and W-8BENs
Building a referral program to BSA for possible illegal aliens
Types of identification to request and key questions in the new account interview
Foreign Taxpayer Identification Numbers

This webinar is part of the Teller Excellence Series &
This webinar is part of the Account Opening Series

BONUS MATERIALS

Withholding Handbook

WEBINAR DETAILS

New FinCEN advisory FIN-2026-A002 makes banking illegal aliens and their employers a critical topic for new account opening procedures. During this webinar we will look at resident, nonresident, and illegal aliens and our account opening procedures.

Complying with the documentation requirements mandated in the USA PATRIOT Act’s Customer Identification Program (CIP) increases the challenge of opening accounts for nonresident aliens. This issue is also a Bank Secrecy Act exam "hot spot" with the regulators, as nonresident alien accounts are considered to be high risk. Join us for a discussion of CIP rules, regulatory hot spots, W-8 reporting, and OFAC procedures, and learn how to navigate nonresident alien accounts with confidence.

WHO SHOULD ATTEND?

BSA officers
Deposit operations
Training
Compliance
Risk management

TAKE-AWAY TOOLKIT

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 institution is prohibited. Print materials may be copied for eligible participants only.