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Account Documentation Series:
Compliance & Due Diligence at Account Opening

Registration Options and Pricing

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Wednesday, January 11, 2017

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

From identifying accountholders to providing proper disclosures, the process of opening accounts is riddled with regulatory requirements. This webinar will address the requirements in-depth, including identifying parties to the account for both BSA and identity theft purposes; ensuring you have enough information to determine the normal and expected account activity; providing proper disclosures for Truth in Savings, Regulation CC (check holds), Regulation D (limitations on transactions), Regulation E (debit/ATM cards, home banking, bill payer, etc.); and contractual items, such as remote deposit capture and business accounts. Knowing the rules and timing requirements and why they must be followed will make your account-opening process run smoothly plus minimize liability and risk.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • What are the requirements for providing disclosures electronically?
  • Which disclosures need to be provided and when?
  • How can the institution protect itself from potential issues when depositors misuse their accounts?
  • Who should be identified during CIP?
  • When should there be an OFAC check?
  • Should business accounts be treated differently at account opening?
  • Why are we required to know about prospective activity and watch for identity theft?

  • TAKE-AWAY TOOLKIT
    • Sample checklists for business accounts
    • List of required disclosures, notices, and timing requirements
    • Outline of regulatory requirements and internet links/citations
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

Don’t Miss the Other Account Documentation Series Webinars!

Sign up for the entire series and receive 6 webinars for the price of 5!
Click here to learn more about the Account Documentation Series

WHO SHOULD ATTEND?

This informative session is directed to frontline employees, new accounts staff, auditors, and compliance officers.

PLEASE NOTE: Webinar content is subject to copyright and intended for your individual financial institution’s use only.