Start Date: 3/23/2021 1:00 PM MDT
End Date: 3/23/2021 2:30 PM MDT
This webinar is designed to remove the guesswork and uncertainty surrounding opening business accounts and provide the tools necessary to handle such requests with confidence. Proper due diligence, customer identification, and beneficial ownership requirements will be explained in detail.
Thornier issues regarding business transactions will also be tackled, including handling checks payable to the business, whether checks payable to a natural person should be deposited into a business account (or vice versa), and what it takes to replace account signers. And no business account training would be complete without covering Bank Secrecy Act (BSA) and fraud implications. Businesses can be victims of identity theft, used for laundering money, or be engaged in other illicit activities. Knowing the red flags for business accounts is critical to protecting your institution.
Attendance certificate provided to self-report CE credits.