Opening Accounts Online: CIP, CDD, Documentation & More

Compliance Frontline & New Accounts IRA & HSA Marketing Operations

On-Demand Webinar

StreamedMar 9, 2022Duration90 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

See Registration Options

Convenient, compliant, and contactless.

Anything with those features is bound to be a hit with consumers. Does your institution allow online account opening? Do you understand the CIP, CDD, and documentation requirements? Join this webinar to get expert guidance on how to meet all the benchmarks and minimize risk.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Explain and implement the six-step consent process to open “no-contact” accounts
Understand which deposit regulations are related to E-SIGN and have specific compliance provisions
Use the most recent BSA guidance for satisfying the due diligence requirements for CIP (Customer Identification Program)
Define and identify acceptable documents to open accounts and incorporate risk mitigation strategies into the new account process
Determine if enhanced due diligence steps are required to open the account

Save when you buy the series!

WEBINAR DETAILS

When opening accounts online, E-SIGN compliance is one piece of the puzzle, while knowing the “true identity” of the customer for BSA and CIP purposes completes the process. What additional “out-of-wallet” questions should be asked when accounts are opened online? How does electronic account opening impact BSA risk assessment? Learn about the additional controls needed to protect your financial institution and red flags for reporting suspicious activity in an online environment, including risk mitigation strategies and CIP required documentation and “reasonable belief” of the customer’s true identity.

WHO SHOULD ATTEND?

This informative session is designed for compliance officers, risk managers, operations managers, business development managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.

TAKE-AWAY TOOLKIT

Current exam procedures and many resources for online banking
E-SIGN checklist and answers to common questions
Social media policy template
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 financial institution is prohibited. Print materials may be copied for eligible participants only.