Opening NRA Accounts
November 29, 2023
Live Webinar
DateNov 29, 2023Duration90 minutes
08:00 AM PST09:00 AM MST
10:00 AM CST11:00 AM EST
- 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
Opening
accounts for nonresident aliens (NRAs) and identifying the person with whom you
are doing business has always been challenging. Since the USA PATRIOT Act Customer
Identification Program (CIP) law passed, opening these accounts and obtaining
the required documentation and identification is trickier than ever. This is also a BSA exam "hot spot"
with the regulators because NRA accounts are considered high risk. What does the law say about identifying
nonresident aliens? What type of
identification is being used around the country to open accounts? What are the proper procedures for W-8
reporting? What role does the Office of
Foreign Assets and Control (OFAC) play in your new accounts procedures? If you are pondering these questions or other
NRA compliance issues, this session is a must.
Presented By
Gettechnical Inc
This Webinar Appears In
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