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Course/Product Description
Title:

Opening Accounts for High Risk Customers: Documentation, Scripts and Risk Mitigation

SKU:WT-1002956
Format: Webinar
Description:

Today’s decision to bank or not to bank high risk customers has been called a movement to de-risk. De-risking means to choose not to bank a whole group of customers. This process is being criticized as perhaps not being in the best interests of the country since there will be groups who find it difficult to find banking services. It may send industries into virtual currency and cash which make them less transparent. Perfect examples of this are marijuana related businesses, money service businesses, nonresident aliens, payday lenders, third party payment processors.

Instead, it may make more sense and ultimately be good for the local institution and the national objectives of transparency, to bank the high risk customers whose risk we can manage. If you choose to bank some of the high risk customer groups, what should you be looking for and what paperwork and documentation should you get before you enter the relationship. This webinar will delve into scripts, documentation, and monitoring for high risk customers.

Covered Topics:

  • How to identify high risk account holders - NAICS, CTR exemptions, FFIEC Exam Manual
  • Account holder type and account holder behavior feed risk scores
  • What do we need to know about these high-risk account holders?
  • How can we monitor them? Change risk? Close relationships?
  • A special look at NRAs, PEPs, MSBs, NGOs and Cash Intensive Businesses
  • How do these account holders affect your overall institution risk rating?
  • Impact on policy, procedures and monitoring
Who Should Attend

This webinar will benefit BSA officers, BSA support personnel, deposit operations, compliance officers, new accounts, branch operations, all branch personnel and training.

About the Presenter

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 30+ years of combined teaching and banking experience.

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: $265.00
More Info: Contact Us For More Information
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
Opening Accounts for High Risk Customers: Documentation, Scripts and Risk MitigationCD/On-Demand$345.00

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