Opening Business Accounts: CIP, CDD & Compliance
Learn how to style these accounts and get the signature card perfect every time.
Session 1 focuses on business accounts, including CIP, CDD and compliance. Session 2 reviews the set-up, documentation and legal issues involved in opening fiduciary accounts.
Each business account type is a different type of authority. It is always a question of who has the authority to do what. Following the trail of authority may lead you deep into a maze of paperwork and legal issues that is not for the beginner.
This program looks at ownership, authority, changing signers and all the hard business questions. Can a business have a power of attorney? Can the new owner keep the account when the business is sold? Can the EIN remain with a business on a sole proprietorship if it is sold? These and many other tough authority questions will be addressed. You will receive a business account handbook with new proposed CDD beneficial ownership form.
- Documentation, CIP and tax reporting for all types of business accounts
- Disregarding an entity for tax purposes on single member LLCs
- Multiple member LLCs where the members are businesses and trust
- What happens at death on business accounts?
- What happens when a business is sold, renamed or type of business is changed?
- IOLTAs, agency, and escrow accounts: Who can sign? What paperwork to open?
- What is a 1031 Exchange Account: CIP, authority and signatories?
- Common errors on business accounts
- Federal disclosures and regulations on business accounts
- Multiple tiered business accounts
- Issues with money service businesses, including extra paperwork and documentation
Branch operations, CSRs, personal bankers, call center representatives, online account opening and anyone who opens deposit accounts for businesses.
Deborah Crawford is the President of gettechnical inc, a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 27+ years of experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the area of deposit account laws, new account documentation, insurance, complex compliance regulations and IRAs.
Institute of Certified Bankers: Visit http://www.icbmembers.org/login.aspx for instructions regarding self-reporting. Estimated credits: 2 hours/session
Member price: $275.00 | Non member price $550.00
Member price: $295.00 | Non member price $590.00
Online: Visit the CBA Webinar Catalog
Mail: Click here and mail completed form with check payable to ConferenceEdge to: (Mail at least 10 days prior to event)
1516 Xavier St., Ste 500, Denver, CO 80204
Phone: Call ConferenceEdge at (877) 988-7526 (credit card payments only)
- Preferred Payment Method: Online
- Please register online or by phone when paying with a credit card
- Payment Must Accompany Registration – Invoices are Not Provided
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.