Business Accounts: Setup, Management & Authority
September 20, 2023
Live Webinar
DateSep 20, 2023Duration90 minutes
08:00 AM PDT09:00 AM MDT
10:00 AM CDT11:00 AM EDT
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
On-Demand Webinar
- 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
Further details will be available 45 days prior to the webinar date.
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 agency is prohibited. Print materials may be copied for eligible participants only.
WEBINAR DETAILS
A
lot goes into setting up and properly handling business accounts. This webinar will look at the various
structures a business can take, the documentation required for each type, the documents
necessary to determine authority over the account, as well as the BSA beneficial
ownership requirements. Once opened,
your institution is responsible for ensuring that transactions are handled correctly
and monitored for unusual or suspicious activity. Oftentimes new or smaller businesses don’t
clearly understand the distinction between business and personal transactions
or the institution’s need to confirm the authority of persons attempting to
transact on behalf of the business. This
session will explore the entire process from onboarding to closing and
everything in between. When would an
institution need to request updated beneficial ownership or due diligence
information? How should requests for
changes in authorized signers be handled? What should be done when setting up accounts
for multiple businesses operating under one tax ID number? Join us to learn the
answers to these questions and more.
Presented By
Compliance Plus, Inc.
This Webinar Appears In
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC