Updating Business Account Procedures: CIP & Beneficial Ownership

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.

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.