Opening Nonresident Alien Accounts

Compliance Frontline & New Accounts IRA & HSA Operations Deposit Account Compliance

On-Demand Webinar

StreamedDec 11, 2024Duration90 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

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How proficient are you at opening nonresident alien accounts?

Do you know the difference between interest- and non-interest-bearing accounts? What kind of due diligence and forms are required? What about identification documentation? Replete with tools and expert guidance, this timeless topic will build and refresh your confidence in dealing with nonresident alien accounts.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Acquire BSA CIP documents
Complete W-8BENs accurately
Report interest on Form 1042-S
Ask due diligence and enhanced due diligence questions
Risk rate your accountholder
Audit your accounts

WEBINAR DETAILS

Learn to open accounts that are both interest- and non-interest-bearing for nonresident aliens. This webinar will cover the full cycle from account onboarding to compliance with BSA to interest reporting in the back of the house.

This comprehensive session on nonresident alien accounts will start with definitions and types of identification and finish with an audit worksheet so your auditors can check your work. You will learn what has to be completed on W-8BENs and how to keep them from expiring. This difficult topic will come to life, with tools to assist you throughout the process.

WHO SHOULD ATTEND?

This informative session will benefit branch staff and those involved with BSA, compliance, deposit operations, training, and new accounts.

TAKE-AWAY TOOLKIT

Audit worksheet
New account interview
Withholding handbook
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 institution is prohibited. Print materials may be copied for eligible participants only.