Opening Businesses accounts walks you through the process of Customer Identification Programs, Customer Due Diligence and Enhanced Due Diligence. We will look at the changing landscape of beneficial ownership and look towards 2024 and the new Beneficial Ownership Secure System (BOSS).
Learn everything you need to know about setting up and documenting the major business types.
Basic documentation on business accounts
Changing signers on business accounts
What happens when an owner dies on a business account?
Can a business account have a Pay on Death designation?
Can a partner remove another partner?
How do we give debit cards on business accounts? Where is the liability?
How do we run Customer Identification Programs on business accounts?
Can we have a power of attorney on a business account?
With the new complicated limited liability company, how can we tell who is authorized to remove a signer when they are all managing members?
Multi-tiered business accounts with businesses owning businesses what are the CIP requirements
What is disregarding an entity for tax purposes and how does that affect our account styling?
Resolutions, signature cards and endorsements
-Update on beneficial ownership rules that are final and proposed
And much, much more . . .
What you will receive:
600+ New Accounts Handbook
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.
I enjoyed the content and I have a few questions, however the Q & A Box never came up for me so submit my questions. I did not see any participants or anything along those lines. I will be emailing Deb with my questions.
Audit and Internal Controls,Branches and Frontline,Checks,Compliance,Compliance Management and Auditing,Deposit Operations,Front Line Training Issues,IRAs,HSA, Health Savings Accounts,New Accounts,Operations Compliance,Operations