Beneficial Ownership Rules for
Business Accounts & Loans

(90-minute webinar – recording also available)

Tuesday, July 28, 2020

12:00 PM Pacific          1:00 PM Mountain

2:00 PM Central           3:00 PM Eastern

Do you know the right beneficial ownership questions to ask for business accounts and loans? Do your lenders know when a SAR is required? Could a BSA examiner find loan fraud that has gone undetected by your institution’s due diligence process? Join us to learn five important reasons why BSA training must be provided for lenders who open business accounts and loans. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Create a risk-based profile for business accounts and loans by asking the right due diligence questions
• Understand the impacts of regulatory guidance in response to COVID-19
• Identify six types of lending-related reasons for suspicious activity that require a suspicious activity report (SAR)
• Explain beneficial ownership requirements to business loan applicants
• Identify BSA red flags and risks for money laundering in lending

WEBINAR DETAILS

BSA examiners are digging deeper during exams and have begun to ask more questions about the lending function. Could a BSA examiner find loan fraud that has gone undetected by your institution’s due diligence process? Is there a system for identifying false statements and attempts at identity theft on business loan applications? Do your lenders know that these activities may require filing a SAR? Is beneficial ownership effectively documented? This program will address those questions and provide five important reasons that BSA training must be provided for lenders who open business accounts and loans.

WHO SHOULD ATTEND?

This informative session is designed for loan officers, loan operations staff, BSA officers, BSA staff, branch personnel, risk managers, compliance officers, and auditors. 

TAKE-AWAY TOOLKIT

• Updated CDD checklists
• Template to develop and update business risk profiles
• Procedures template for identifying and verifying beneficial owners
• Employee training log
• Interactive quiz 

DON’T MISS THIS RELATED WEBINAR!

Updating Your CDD Program: Beneficial Ownership,
Triggering Events & New SSN Verification

on Wednesday, May 20, 2020 

   MEET THE PRESENTER-Susan Costonis, CRCM, Compliance Consulting and Training for Financial Institutions

Susan Costonis is a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real-life examples.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have unlimited internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. For upcoming webinars, click here.

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE