Opening Foreign Business Accounts—CIP, CDD and Risk

Opening Foreign Business Accounts—CIP, CDD and Risk

Opening Foreign Business Accounts—CIP, CDD and Risk
Thursday, December 5, 2019
1:30 pm – 3:30 pm Eastern

Is your customer a business from the UK? China? Mexico? What do you need to open the account? 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.

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.

Topics Covered:

  • 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

Who Should Attend?   

Personal Bankers, New Accounts, Universal Bankers, Audit & Internal Controls, Bank Secrecy Act and AML, Compliance, Compliance Management and Auditing, Deposit Operations, eCompliance, New Accounts, OFAC, Operations, Operations Compliance, Risk Management, Security, Technology.


Deborah Crawford

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Total Training Solutions

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

Registration Options
Live On-Demand Link: Live,On Demand playback, and CD-ROM  plus hard copy Handouts.
Live Webinar: Register for the live event and get five days access to the On Demand Playback. You’ll have an opportunity to ask questions during the presentation and be free to review the content for the next 5 (business) days Registration also includes links to presenter materials, handouts, and pdfs.
Additional Hookups: Registering another banker from a different location
On-Demand Link & "Free" CD-ROM: Both live webinar & recorded webinar + free digital download 

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