Nobody wants compliance mistakes but when they are tolerable and in moderation, you grow, you learn from them and that leads to improvement and survival in a tough world of compliance and banking.
During this webinar, we will bring you up to speed on all things BSA and OFAC for 2024. It’s been a busy year as beneficial ownership continues to roll out amidst legal battles. New National Risk assessments have been published and crime abounds.
WednesdayJune 05, 2024
Permanent course title goes here (no "Live -" or date)
Poor box relocations, recent law enforcement (search and seizure) vault raid, incorrect box drillings, sloppy recordkeeping and many nationwide financial institutions now eliminating safe deposit box services, have significantly impacted our industry
Overdrafts are a major regulatory hot button. This program on the latest regulatory feedback, guidance and best practices relating to overdrafts will bring you up to date.
Customer due diligence (CDD) is now an explicit legal requirement, just like CIP. A new FinCEN rule adds a new “fifth pillar” that will require extensive modification of your board-adopted BSA program.
Recorded on September 27, 2016
Complaints – Getting the benefit, Losing the Grief
Each regulatory agency monitors and measures complaints and reviews them during examinations. Complaint handling is a customer service issue with compliance implications, and checks and balances are needed to handle it correctly.
Why mess with accounts for minors? Boys and girls who are minors today may grow up to be valued customers of your bank in the future. Establishing a relationship with them at an early age may win their loyalty.
Why are there so many legal entities? Why do customers choose certain types of legal entities? Who is in charge? Who can change signers? Who can get a debit card? What accounts can be hooked up online? What happens when the customer dies?
Recorded on August 26, 2016
Opening Entity Accounts (updated for the new CDD rules)
This program will help your design and develop procedures to open accounts for legal entities of all types. It will also address how new Bank Secrecy Act rules covering Customer Due Diligence will greatly impact your business accounts procedures.
You may be banking third party payment processors (TPPPs) and in some instances you may not even realize it. Third party payment processors are considered high risk and you must follow BSA guidance in mitigating that risk.