> Webinar: Frontline Series: Business Accounts: Who is Authorized to Open, Close, Transact?

Tuesday, August 26, 2014
3:00 PM Eastern Daylight Time
4:30 PM

 

Credit Union Web Training Webinar:
Frontline Series: Business Accounts: Who is Authorized to Open, Close, Transact?

Corporations, partnerships, LLCs – with so many business entities, it can be challenging to determine who is authorized to open, close, and transact business. Who is authorized to handle accounts on behalf of the business? What types of documentation will you need to show proper authority? What are the pitfalls of using consumer agreements and disclosures instead of business account agreements, signature cards, and disclosures? How are businesses qualified for membership in the credit union? This webinar explores all of these issues and more.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Differences between types of business entities
  • Paperwork and documentation pertaining to each entity
  • Determining who has authority to transact on behalf of a business
  • Establishing eligibility requirements for the business and/or business owners
  • CIP/BSA/AML, OFAC, and other regulatory requirements for business accounts

TAKE-AWAY TOOLKIT

  • List of required documentation based on business type
  • Enhanced due diligence checklist
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

WHO SHOULD ATTEND?
This informative session is designed for new accounts staff, tellers, account service representatives, business account representatives, branch supervisors, and anyone involved in soliciting business accounts.

Continuing Education: Attendance verification for CE credits upon request

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PLEASE NOTE
Webinar content is subject to copyright and intended for your individual credit union’s use only.

MEET THE PRESENTER
Mary-Lou Heighes, Compliance Plus, Inc.

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