Beneficial Ownership Rules for Business Accounts & Loans

Do you know the right beneficial ownership questions to ask for business accounts and loans? Do your lenders know when a SAR is required? Could a BSA examiner find loan fraud that has gone undetected by your institution’s due diligence process? Join us to learn five important reasons why BSA training must be provided for lenders who open business accounts and loans.

BSA examiners are digging deeper during exams and have begun to ask more questions about the lending function. Could a BSA examiner find loan fraud that has gone undetected by your institution’s due diligence process? Is there a system for identifying false statements and attempts at identity theft on business loan applications? Do your lenders know that these activities may require filing a SAR? Is beneficial ownership effectively documented? This program will address those questions and provide five important reasons that BSA training must be provided for lenders who open business accounts and loans.

Attendance certificate provided to self-report CE credits.

• Updated CDD checklists
• Template to develop and update business risk profiles
• Procedures template for identifying and verifying beneficial owners
• Employee training log
• Interactive quiz