Who opens the account for beneficial ownership?
10/25/2020
Who is the person “opening” the account for beneficial ownership certification?
Deborah Crawford
Bio:
Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 27+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
Questions Answered
Trusts and beneficial ownership—yes or no?
10/18/2020
Are trusts in or out for beneficial ownership certification?
Nonprofits and beneficial ownership?
10/11/2020
If our customer is a nonprofit organization, do we complete beneficial ownership certification?
Can we scan and retain drivers licenses online?
10/11/2020
What is the rule on scanning and retaining drivers licenses online?
Business Documentation? Online? How?
10/04/2020
How can we open businesses online under current Customer Identification Program?
Know Your Customer? Online?
09/27/2020
Would we still have to ask purpose, source and transactional questions?
Faking business documentation
09/20/2020
Won’t it be easier to forge business documents when we are not personally with the customer?
Who signs for beneficial ownership?
09/20/2020
Is the person who opens the account for beneficial ownership the person who comes into the financial institution?
Secretary of State documents reliable? Not always!
09/13/2020
In the past, secretary of state information is not always reliable and easily changed. How can we rely on those public websites?
Reporting winners to the IRS
09/13/2020
We ran a contest and no prize was over $300. We didn’t need to collect non-public private information from the winners since the prizes were small, did we?
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