Opening Foreign Business Accounts—CIP, CDD and Risk - 2019
Presented by
Deborah Crawford
Recorded on June 19, 2019.
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2.0 hours
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The world is getting small and the risk is getting greater. How do you “Know” Your Foreign Customer? Practical suggestions for a ever expanding customer base.
Program Highlights:
During this program we will take a look at the international business scene. Some businesses are operating in the US and may register with the Secretary of State and some just have bank accounts. Learn how to distinguish between those who file at SOS and those who don’t. What paperwork you can require and what you can’t. Look at the high risk of shell companies and flow through funds from overseas trust and businesses.
What you will learn:
-Understanding how to open foreign business accounts
-What paperwork do you need?
-What is Customer Identification Program requirements?
-What are beneficial ownership requirements?
-How to complete the W-8BENE
-Documenting and opening businesses from foreign countries
-Look at some specific countries—Mexico, China, Canada and More
Deborah Crawford
Opening Foreign Business Accounts—CIP, CDD and Risk
Materials
Slides
W-8BEN-E
W-8BEN-E Instructions
Attendance Sheet
Questions and Answers