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Course description

Overview:  

During this program we will go over 40 ownership types for new accounts.  We will cover disclosures, customer identification programs (CIP), customer due diligence (CDD), documentation, and beneficial ownership.  We will give an update on beneficial ownership, new rules and where the financial institution will need to make changes when these are finalized.  This is an advanced program designed to help you review all compliance aspects of opening new accounts.

Please have a copy of your signature card, resolution, disclosures in front of you during this program.

Highlights:

-Federal Disclosures who gets what

-W-8BEN procedures for nonresident aliens

-CIP approach to documentation

-Beneficial Ownership—Today and tomorrow’s procedures for business accounts

-Consumer Accounts, Fiduciary Accounts and Business Accounts

-What happens when signers change, owners pass away, and people marry and divorce

-What happens if the customer closes and account?

-Power of Attorney procedures

You will receive:  

600+ Page New Accounts Handbook with example procedures for all these accounts

Who should attend?

Training, Compliance, BSA Officer, Branch Staff, Deposit Operations, New Account Representatives and loan officers

Instructor(s)

Deborah Crawford

Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers

Reviews

5 star rating

Great Refresher

Brenda Wrobleski

I enjoyed the webinar. Debbie is always a good presenter. She went over a lot of information making sure she got through the 40 ownership types and some adde...

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I enjoyed the webinar. Debbie is always a good presenter. She went over a lot of information making sure she got through the 40 ownership types and some added details. This is always a great refresher course to take even for long term bankers. I enjoy getting another perspective.

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5 star rating

New Account Procedures - 40 ownership types

Diane Korver

Very good. I appreciate the manual. I could not figure out where to submit a question. So I will submit it here. For Fiduciary account titling....You refere...

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Very good. I appreciate the manual. I could not figure out where to submit a question. So I will submit it here. For Fiduciary account titling....You referenced legal liability if we do not title these accounts correctly. Could you elaborate where that would be...A state law, a regulation, or simply by receiving documents requires us to title them in the correct manner.

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