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Course description

This program will look at sole proprietorships, partnerships, corporations, limited liability companies and nonprofit organizations. We will build procedures that reflect new Customer Due Diligence rules and the additional requirements they add to opening legal entity accounts. You'll learn which entity types will require you to discern beneficial ownership and which will not. This webinar and supporting materials will help you with the "how to" of implementing these new rules.

What you will learn:

  • How to map complicated business structures and get appropriate Customer Identification and Customer Due Diligence information
  • The four key components for Customer Due Diligence (CDD)
  • Where your procedures will change on opening accounts for legal entities
  • How and when to ask nature and purpose questions
  • Which accounts will have beneficial ownership requirements
  • What steps to take where entities own other entities
  • How to open and document accounts for nonprofit entities

Helpful takeaways:

  • Legal Entities Account Handbook
  • Instructions on Completing Beneficial Ownership
  • Excel spread sheet to risk rate business and nonprofit entities


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

    Video

    • Opening Entity Accounts (updated for the new CDD rules)
  • 2

    Materials

    • Materials

    • Slides

    • Business Accounts Risk Questionnaire

    • Questions and Answers