BankTrainingCenter.com offers banking exams, banking degree training, and professional development for banking professionals
Course/Product Description
Title:

Opening New Accounts: Business Accounts

SKU:PA-1007749
Format: Self-Study Course
Order:Qty:
Description:

Opening New Accounts: Business Accounts

Managing risk is the #1 priority for all financial institutions and it all starts at the new account desk. Well-trained new account personnel who recognize and stop attempted dishonest activity are the first line of defense in protecting a financial institution. Unfortunately, too often, new account personnel are trained "on the job" which can result in an environment of potential vulnerability and unnecessary losses. When opening a business account, verifing if a business entity is legal and who is authorized to transact business on behalf of that entity can be complicated. This two hour Webinar, which is Part 2 of a three part series, examines not only the compliance requirements on business entities available in most states but clearly indentifies who has authority to open and transact on the account.

It is highly recommended you have a copy of your financial institution's account agreement, signature card and resolutions to reference during the session. To customize the session to your state law, you may want to access your Secretary of State’s website to access documentation requirements on forming business structures in your state.

Covered Topics:

  • Business Account Documentation Overview
  • Understanding Signature Card Contracts and Resolutions
  • Detailed Explanation of Business Resolutions (have a copy of your financial institution's resolution available during the training session)
  • Understanding Risk From the Client’s Prespective
  • Why are there so many types of business entities available?
  • Which business types are required to obtain an EIN and which may use a SSN?
  • Are all business signers subject to OFAC and CIP requirements?
  • Sole Proprietorships
  • General, Limited (GP) and Limited Liability Partnerships (LLP)
  • Limited Liability Limited Partnerships (LLLP)
  • Limited Liability Company and Series LLC (LLC/SLLC)
  • Corporations
    Professional Associations (PA)
  • Nonprofit Associations and Charitable Organizations
  • Escrow / Agency / Intermediary
  • Interest On Lawyer Accounts (IOLTA)
  • Public or Governmental Units
  • Access at the Death of a Business Account Signer
  • FinCEN – New Customer Due Diligence Effective 2018
Who Should Attend

All customer contact personnel, supervisors and officers whose responsibilities include opening or managing new accounts and certificates of deposit. Excellent for supervisors or officers who have authority to waive documentation requirements. Internal Auditors and Compliance Officers will find the information exceptionally beneficial as well.

The Presenter

Suzette (Suzie) Jones, CFP® served as an Executive Vice President at a $50B regional financial institution where her responsibilities included the overall leadership and risk management of the $11B Investment Department which included the Trust Department. She was an active member of the organization’s Trust Committee, AML, BSA, Personal/Corporate, and Non-Bank Product Risk Committees. With over 40 years of experience in the financial industry, Suzie has focused her technical expertise on new account risk and investment management. Suzie brings technical information to life with her engaging training style, real life examples, and in-depth knowledge. She holds the Certified Financial Planner (CFP®) professional designation.

Licenses / Designations / Educational Credits:CEU
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $345.00
More Info: Contact Us For More Information
Order:Qty:
Share This: Share on Facebook


Share on Twitter


Share on Google+


Sixty (60) Critical Steps For Handling Delinquent and Abandoned Safe Deposit Boxes
Sixty (60) Critical Steps For Handling Delinquent and Abandoned Safe Deposit Boxes

W-9, W-8BEN and W-8BEN-E New Updated Forms and Info
W-9, W-8BEN and W-8BEN-E New Updated Forms and Info

Call Report for Banks - Recent Changes, Highlights, and Pitfalls
Call Report for Banks - Recent Changes, Highlights, and Pitfalls

ACH Exception Processing
ACH Exception Processing

Dealing With Appraisals: Regulations And Requirements
Dealing With Appraisals: Regulations And Requirements

Certified Regulatory Vendor Program Manager
Certified Regulatory Vendor Program Manager

What To Do When Applicants Or Employees Have A Criminal History
What To Do When Applicants Or Employees Have A Criminal History

How To Avoid Wrongful Termination Claims
How To Avoid Wrongful Termination Claims

Payroll Records: What To Keep, What To Toss
Payroll Records: What To Keep, What To Toss

Banker′s Responsbility Under FCRA
Banker′s Responsbility Under FCRA

Cyber Security Training Courses
Cyber Security Training Courses

A Business Development Officer′s Guide To Selling Non-Traditional Financial Products
A Business Development Officer′s Guide To Selling Non-Traditional Financial Products

Qualified Financial Advisor (QFA)
Qualified Financial Advisor (QFA)

Insurance License
Insurance License

Quality Control 101 - QC for Conventional Loans  (On-Demand)
Quality Control 101 - QC for Conventional Loans (On-Demand)

Internal Investigations Certificate Program
Internal Investigations Certificate Program

FacebookBankTrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9375 | support@BankTrainingCenter.com
Copyright BankTrainingCenter.com 2018 | Web Site Development by OTAU
Facebook