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3 Day Deposit, BSA and Account Opening Update and Review Seminar OnDemand with Live Streaming

Attend this live streaming event on the 2022 Deposit, BSA and Account Opening Update and Review.

OnDemand
February 8, 2022
February 9, 2022
February 10, 2022
Presented by Deborah Crawford
55h total length
20.25 CRCM Credits
$2,629.00 or 12 Tokens

Includes: 12 months of OnDemand playback access

  • BSA
  • Compliance
  • Deposit Accounts
  • Bank Legal Counsel
  • Bank Secrecy Act Officer/BSA Specialist
  • Board Member
  • Branch Manager
  • Commercial Lender
  • Community Reinvestment Act Officer
  • Compliance Officer
  • Customer Service Representative
  • Deposit Operations Manager/Specialist
  • Human Resources Officer
  • Internal Auditor
  • New Accounts Representative
  • Private Banker
  • Security Officer
  • Senior Management
  • Teller
  • Trainer

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Attend the 3 Day Deposit, BSA and Account Opening Update and Review Seminar from the convenience of your own office via Live Streaming Video as it happens on February 8th, 9th and 10th (9:00 am – 4:00 pm Central Time), or at your own convenience with 12 months of OnDemand playback.

Day One: During this deposit update we will cover a wide range of topics designed to update Deposit Compliance, Deposit Operations and Branch Staff. Learn about current examination issues and the changing landscape for our products and accounts.

Day Two: During this all day program we will cover a wide range of BSA topics for the current environment. Designed for BSA Officers and staff this program will present new and evolving issues with BSA.

Day Three: Learn how to open approximately 30 types of legal ownerships. We will cover consumer accounts, business accounts, deceased accounts and nonprofits. We will review the tax reporting, documentation requirements and best practices in our industry. Submit a copy of your signature card, resolutions and terms and conditions before the program. What you will receive: New Account Handbook and a Deposit Compliance Handbook

Series Details

2022 Deposit Regulatory Update and Review Seminar OnDemand with Live Streaming

Attend this live streaming event to learn about the regulatory changes affecting the deposit side of your financial institution in 2021.

9:00-10:15 - Overdraft Services
Learn all the ins and outs of running a good overdraft program. During this session we will look at the regulations, the lawsuits, the fines and current issues for overdrafts. What’s new and what is still important to your overdraft services.

10:15-10:30 - Break

10:30-11:30 - Regulation E and the Revised FAQs
Maybe Regulation E error resolution keeps you awake at night? If so this session will go over the new FAQs and revisions and the tone from CFPB in running your error resolution programs.

11:30-12:00 - W-9s and W-8BENs
A brief look at account set up for US and Nonresident Alien Persons. Who fills out what? What are the common errors? Learn more during this session.

12:00-1:00 - Lunch

1:00-2:15 - Regulation CC, Mobile Deposits, Checks and UCC Issues
A review of holds and disclosures plus a look at the liabilities on mobile deposits. Who eats the check? What we need to know about forgeries, forged endorsements, alterations and liability. Time frames for returns and everything that can and will go wrong.

2:15-2:30 - Break

2:30-3:30 - Regulation D, Regulation DD—Your Products
Bye, bye federal reserves. What has this meant to your organization? What is a savings account? NOW? Or time deposit? Are our products outdated? Out of compliance? Learn more.

3:30-4:00 - Giving Deposit Disclosures—Who gets what?
Many institutions give out disclosures that are not necessary to certain account ownership types. Do you know who gets what? If you don’t, then during this session we will look at what you are giving and if and when it could be a problem.

4:00-4:30 - Questions and Answers

2022 BSA Officer and Staff Annual Update and Review Seminar OnDemand with Live Streaming

Attend this live streaming event to get your annual training for the BSA staff and teams at your financial institution.

9:00-10:15 - Beneficial Ownership Where Are We?
During this session we will look at the evolving landscape of the beneficial ownership regulation. What do companies have to do? What do banks have to do? Learn more about this change and how it affects your current program.

10:15-10:30 - Break

10:30-11:00 - Customer Identification Program including Online Account Opening Issues
85% of institutions who open accounts online experience fraud. During this session we will look at taking our Customer Identification Programs to the virtual world. What will that look like and how do we prevent financial crimes.

11:00-12:00 - High Risk Customers and Services—De-Risking can you do it?
De-risk customers? What does it mean? A special look at these important customer groups.

  • Charities
  • Private ATMs
  • Nonresident Aliens
  • Money Service Businesses
12:00-1:00 - Lunch

1:00-2:15 - SARS and CTRs Update
During this session we will look at the SAR, the crimes and the advisories for 2022. Learn more about helping law enforcement with a razor-sharp SAR. A line-by-line look at the CTR and its changes. Learn how to complete complicated CTRs on IOLTAs, check cashing, purchasing cashier’s checks and more. What would you use to determine whether or not to exempt your customer? Does your customer qualify for an exemption and whether you should or should not exempt them based on risk? Learn more.

2:15-2:30 - Break

2:30-3:30 - Hot Topics and Speed Round
This session will have hot topics for 2022. This session will be subject to instructor discretion as the year moves forward.

  • Keep Open Requests
  • BSA Fines and Penalties
  • Current examination hot spots—changes to the exam manual
  • And More…
3:30-4:30 - Case Study: Risk Assessment, CIP, CDD and EDD on Cannabis
Build a program for cannabis.

Opening 30 Types of Deposit Accounts: CIP, Documentation, Procedures and More! Seminar OnDemand with Live Streaming

Learn how to open approximately 30 types of legal ownerships. We will cover consumer accounts, business accounts, deceased accounts and nonprofits. We will review the tax reporting, documentation requirements and best practices in our industry.

9:00-10:15 -  Introduction, Customer Identification Programs, Tax Reporting Issues and Changes in Beneficial Ownership

10:15-10:30 - Break

10:30-12:00 - Personal Accounts

  • Single Party
  • Multiple Party WROS
  • Multiple Party WOROS
  • Pay on Death
  • Minors
  • Social Security and Veterans Accounts
  • Power of Attorney
12:00-1:00 - Lunch

1:00-2:15 - Fiduciary, Court Ordered, Deceased Accounts and Trusts

  • Guardianships and Conservatorships
  • Estate Accounts
  • Formal Revocable Trusts
  • Informal Revocable Trusts
  • Bankruptcy Accounts
  • Qualified Income Trusts
  • Workman’s Compensation Set-Aside Accounts
  • Child Actor Trusts
2:15-2:30 - Break

2:30-4:00 - Entities

  • Sole Proprietorships
  • Partnerships—LLP, LTD and General
  • Limited Liability Companies—Single Member and Multiple Member
  • Corporations--For profit and not for profit
  • Agencies
  • Escrows
  • Exchange Accounts
  • Lottery Accounts
  • Business Trusts
  • IOLTA

What You'll Learn

Day 1: Deposit Regulatory Update and Review - Tuesday, February 8th 

  • Changes on Savings Account
  • Changes to Regulation CC
  • FFIEC BSA Exam Manual Changes
  • CTR Changes delayed but still worth looking at
  • Changes on IRAs
  • Nonresident alien interest reporting rules
  • Overdraft Programs
  • UDAAP
  • Marijuana Update
  • Handling time deposits—renewals, partial withdrawals
  • Who needs a NOW account when we have interest-bearing DDA
  • Error Resolution
  • Deceased Accounts
  • Tax reporting, B Notices and penalties
  • And So much more

Day 2: BSA Officer and Staff Annual Update and Review - Wednesday, February 9th 

  • CTR Update
  • SAR Update
  • Where are we on BSA Reform and Beneficial Ownership?
  • New BSA FFIEC Exam Manual
  • Hemp and Marijuana Update
  • Navigating the law and the exam manual
  • Implementing the new Customer Due Diligence Rules– Errors
  • Revisiting Customer Identification Programs
  • Investigations and filing SARs
  • New payment mechanisms and BSA risk
  • Create a more robust risk assessment
  • Review OFAC changes and updates
  • Examination hot spots and how to avoid them
  • Confidentiality issues on SARs and common errors
  • Third party payment processors and third party vendor issues with BSA
  • And much, much more

Day 3: Opening 30 Types of Deposit Accounts: CIP, Documentation, Procedures and More! - Thursday, February 10th 

  • Single Party
  • Multiple Party-WROS and WOROS
  • Payable On Death/ In Trust For Accounts
  • Power of attorneys
  • Uniform Transfer to Minors Act
  • Qualified Income Trust
  • Formal Trusts—Revocable and Irrevocable
  • Estate Accounts
  • Sole Proprietorships
  • Partnerships
  • Corporations
  • Limited Liability Companies
  • IOLTA
  • Agency
  • Nonprofits
  • And many more

Training Day Agenda (Subject to Change)

  • 9:00-10:15am - Content followed by a 15 minute break and Q&A
  • 10:30-12:00pm - Content followed by a 45 minute lunch break and Q&A
  • 1:00-2:15pm - Content followed by a 15 minute break and Q&A
  • 2:30-4:00pm - Remaining content and final Q&A

Who Should Attend

BSA Officers and Staff, Bank Management and Board of Directors, Deposit Compliance Officers and support staff, Deposit Operations, Deposit Training, Personal Bankers, Customer Service Representatives, Management and Deposit Staff, Deposit Operations, Deposit Compliance, Deposit Training, Customer Service Representatives, Branch Managers, Personal Bankers, and Lenders. Virtually anyone at your institution!

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

Continuing Education Credit Information

3 Day Deposit, BSA and Account Opening Update and Review Seminar OnDemand with Live Streaming has been approved for 20.25 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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