Event Calendar

Thursday, April 6, 2023

Webinar - Opening Accounts Online: CIP, CDD, Documentation & Beneficial Ownership

Start Date: 4/6/2023 9:00 AM MDT
End Date: 4/6/2023 10:30 AM MDT

United States 

Compliance with E-SIGN requirements is one piece of the puzzle to opening accounts online, while knowing the “true identity” of the customer for BSA and CIP completes the process. What additional “out of wallet” questions should be asked when accounts are opened online? How does electronic account opening impact the BSA risk assessment process? Learn about the additional controls needed to protect your financial institution and red flags for reporting suspicious activity. Important requirements will be covered, including:

  • CIP required documentation and “reasonable belief” of the identity of the customer
  • Risk-mitigation strategies
  • Beneficial ownership criteria and documentation


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