Start Date: 8/20/2024 9:00 AM MDT
End Date: 8/20/2024 10:30 AM MDT
Location:
United States
Opening deposit accounts online is a different process than in person. Compliance with E-SIGN requirements is one piece of the puzzle. Knowing the “true identity” of the customer for BSA and CIP purposes completes it. 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?
Attend this detailed program to learn about the additional controls needed to protect your financial institution and about red flags for reporting suspicious activity.
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