Past Event

Frontline Compliance Update 2012
Two hour tele-web seminar June 28, 2012

This tele-web seminar will begin on Thursday, June 28, 2012 at 11:30 AM to 1:30 PM Pacific Time.

Compliance is everybody’s job. The compliance officer and senior management develop the policies and procedures, but frontline employees are responsible for day-to-day implementation. Understanding the regulatory requirements behind the bank’s policies and procedures provides a foundation for success. This webinar is designed to provide information and clarification on compliance responsibilities for your frontline employees.

The presentation and materials provide important information on the NEW IRS requirement to report interest paid to nonresident aliens, IRS name/TIN matching requirements to avoid $100 penalty for noncompliance, and eligibility for interest bearing accounts. In addition, our presenter, Laura Wilson uses her 25 years of experience in the banking industry to shed light on areas and issues where frontline personnel routinely have questions.


  • Eligibility for interest bearing accounts,
  • IRS requirements for certified Taxpayer Identification numbers and account titling – Important since penalties are $100 for each violation of IRS rules,
  • Business account resolutions – what, why, how and who,
  • OFAC responsibilities on the front line,
  • IRS Form W-8 BEN requirements for nonresident aliens,
  • FDIC insurance basics.


Your entire frontline, including supervisors and trainers.


Laura Wilson is a principal with Pegasus Educational Services, LLC. Audiences routinely comment on her unique recollection of material and sense of humor. At one time she served as compliance trainer for a $3 billion savings bank. Later, she was a senior consultant/trainer for a consulting firm for financial institutions. She has also taught at compliance schools sponsored by the OTS and the FDIC.

Credit Information

2.0 total credits


Member price: $250.00 | Non member price $500.00