UPDATED Financial Industry Essentials Module 3: Business Accounts: Deposits, Loans & Account Ownership

Audit & Accounting Collections Compliance Directors Frontline & New Accounts Human Resources Information Technology Marketing Operations Security & Fraud Senior Management Deposit Account Compliance Managers & Supervisors IT & Cybersecurity

Opening even a “basic” business account can involve considerable time, paperwork, and risk!

It can be daunting to meet the regulatory requirements and understand the commercial products and services offered specifically to meet the needs of commercial accountholders and borrowers. This segment will provide an overview of common ownership types (sole proprietorships, LLCs, nonprofits, etc.) and best practices for the documentation required to meet your due diligence requirements.

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