New Accounts Series: Business Account Documentation

New Accounts Series: Business Account Documentation 

Thursday, September 23, 2021 
3:00 pm – 4:30 pm Eastern

Have you memorized the necessary documentation for business accounts?  Can you ask the right questions, check the right “boxes,” and gather the necessary information quickly?  Maybe too quickly?  Is it a sprint or a 5K?  Taking shortcuts with business accounts is fraught with peril.  Ensure compliance and reduce risk with this thorough, how-to webinar.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Review CIP and CDD requirements, including documentary and non-documentary identification methods, risk profiles, and tax identification numbers
  • Understand required documentation and monitoring procedures for high-risk accountholders (includes a discussion on hemp-related businesses)
  • Distinguish common ownership types and the account titling, ownership, authorities, CIP verification, and tax reporting associated with each
  • Explain the importance of disclosures required at account opening
  • Use provided tools and charts to make your new account process more efficient

WEBINAR DETAILS 

Opening even a basic business checking account can involve considerable time, paperwork, and risk!  Every accountholder’s situation is different, and uncertainty abounds regarding account ownership, required identification, and appropriate due diligence.  

The business owner/representative must be made aware of the products and services your institution has to offer.  Staff must comply with several regulatory requirements yet provide a positive experience for the client.  Although this juggling act can be daunting, this jam-packed session will unpack the ownership and documentation details for businesses, estates, and trusts.  Join us for a run through of the account opening process from starting blocks to finish line and all the curves in between.  Several tools will be provided that will improve and streamline your process.  

WHO SHOULD ATTEND? 

This informative session is designed for new accounts personnel, deposit operations personnel, branch managers, and compliance officers.

TAKE-AWAY TOOLKIT

  • Beneficial ownership calculator
  • Detailed tables for each business account type 
  • Sample business account questionnaire
  • Employee training log 
  • Interactive quiz

SPEAKER

Dawn Kincaid
Brode Consulting Services, Inc.

Dawn Kincaid began her banking career while attending The Ohio State University.  She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance.  Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services.  Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer.  She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education,Training & Special Events Coordinator, Patti Webb, (614) 610-1877.

Registration Options (Member/Non-Member Pricing)
Live Webinar ($345/$490) – The live webinar option allows you to have one internet connection from a single computer terminal. You may have as many people as you like listen and watch from your office computer. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.

Recorded Webinar + Free Digital Download ($265/$400)– Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 6 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

Additional Live Webinar Connections ($175/$260)  – Registering another banker from a different location

Both Live Webinar & Recorded webinar + Free Digital Download ($395/$600)– Includes Live Webinar and Recorded Webinar options above.

When
9/23/2021

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