2020 Certified Frontline Professionals Seminar:
Dissecting Disclosures: Analyzing Business Account Operations for ND Banks
Opening even a basic business checking account can be an operation involving considerable time, paperwork, and risk! Every accountholder’s situation is different and there is often uncertainty about account ownership, the required identification, and how to conduct appropriate due diligence. Meeting the regulatory requirements along with making the customer aware of all the products and services your bank offers to meet their needs and striving to provide a positive service experience throughout the process, can be a daunting task.
This jam-packed session will dissect all of the state legal issues for ownership and documentation of business, estate and trust accounts. We will walk through the account opening operation from pre-op to the procedure table to post-op recovery and provide you with loads of tools to take back to your bank and incorporate into your process.
• Knowing & Identifying Your Customer – A review of CIP and CDD requirements including documentary and nondocumentary identification methods, risk profiles and tax identification numbers.
•Enhanced Due Diligence for High-Risk Customers- A review of additional documentation and monitoring procedures for those customers deemed high-risk by the regulators and your bank, including a discussion on hemprelated businesses.
• Ownership, Authorities and Documentation for Business Account Types – A review of common ownership types and the account titling, ownership, authorities, CIP verification, and tax reporting associated with each.
• Review of Required New Account Disclosures - A thorough review of disclosures required at account opening.
PRESENTER Dawn Kincaid
Dawn Kincaid began her banking career while attending Ohio State University. She has sixteen years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, and coordinated internal and external audits and exams.
WHO SHOULD ATTEND
This informative session is designed for Frontline Personnel, New Accounts Personnel, Deposit Operations Personnel, Branch Managers, and Compliance Officers.
This is a Certified Frontline Program and counts toward your Frontline Certification. Live webinar registrants will automatically be counted for Frontline Certification.
This session and the Frontline Microlearning Modules, qualifies attendees to receive the Certificate of Frontline Professional status. Employees are required to attend two events in one calendar year to be certified. Annual re-certification requires attending one session each calendar year thereafter. All Certified Frontline Professionals will receive a Certificate of Frontline Professional status each year they are certified. Supervisors must notify ICBND of employees that have completed this recorded webinar and/or those employees that have completed all six of the Frontline Microlearning Modules to qualify for certification.
ICBND Member Recorded Session $290.00
Non-ICBND Members Recorded Session $350.00
*Fees include materials
** Eligible nonmember banks may apply the difference of the nonmember registration fee minus the ICBND member registration fee towards their current year membership dues if they choose to join the association after the session.