Updating Business Account Procedures: CIP & Beneficial Ownership

Compliance Frontline & New Accounts IRA Lending Operations

On-Demand Webinar

StreamedJan 10, 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

See Registration Options

This jam-packed webinar will help you update your business account procedures.

It will illuminate issues like resolutions, taxpayer ID numbers, signature cards, and documentation, and provide the latest update on the beneficial ownership rules. Ensure your CIP program is A-OK with this timely topic.

WEBINAR HIGHLIGHTS:

IRS reporting on business accounts, including disregarding an entity
CIP and beneficial ownership
State documentation and paperwork
Account authorization and account cards
What happens if owners change, die, or resign?
Update on beneficial ownership status

WEBINAR DETAILS

This program will look at all the regulatory issues surrounding business accounts, including IRS issues on taxpayer identification numbers; BSA issues such as customer identification programs (CIP) and customer due diligence (CDD); and a beneficial ownership update and coverage. Business accountholders are registering for the new national database beginning January 1, 2024, but there are no actionable items for financial institutions.

This webinar will look at the effect of the new definitions and rules and if the regulation comes out by January, that will be covered, too. Join us to learn the ins and outs of how to gain documentation, signature cards, and resolutions for each business.

WHO SHOULD ATTEND?

This informative session is designed for compliance officers, deposit operations staff, trainers, BSA personnel, and new accounts staff.

TAKE-AWAY TOOLKIT

New deposit account manual with sample procedures, checklists, and reference materials
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.

TESTIMONIALS

"We like that we had the option to purchase the live session and get the recording so we can train associates without having to pull everyone at one time. This was very timely and useful information as we begin our process of learning about the Corporate Transparency Act and how it will impact our bank and customers. Debra can discuss the regulatory requirements in a way that keeps your attention and that satisfies all levels of experience in the industry. We always enjoy her presentations!"

- Jan, WoodTrust Bank