Training

Beneficial ownership rules are changing but not yet. You have front-line staff and officers making mistakes on the form on the documentation. What are the common errors on beneficial ownership? How do we prevent them? What are the regulator's expectations? This program is designed to straighten out the good, the bad, and the ugly with beneficial ownership certification and CIP. You will leave with a CDD Handbook and a Business Account Handbook.

This two-hour webinar examines not only the documentation requirements on business entities available in most states but also provides clarity on how to identify who has the authority to open and transact on behalf of the entity.

While the number of checks has decreased, check fraud has exponentially increased. In February, FinCEN issued an alert indicating that there were 680,000 cases of possible check fraud reported last year, up from 350,000 in 2021, which itself was a 23% increase over reports in 2020.

During the webinar, we will review line-by-line the text fields and requirements to complete the SAR.

We are weeks away from implementing many of the components of the One Big Beautiful Bill Act (OBBBA). Find out what you need to know prior to January 1.

After making major changes to Beneficiary Payouts in 2020, the IRS realized they left out a big part of the regulations that were in place prior to 2020. To fix this, they released the Proposed Regulations in 2022 to plug up the loopholes. There were several years of discussions about the Proposed Regulations and they were finalized in 2024, effective for 2025. Some banks did not get the "memo" and there are beneficiaries now who should be taking 'death distributions' that were not aware of the rule changes.

The CFPB and the FDIC have made themselves clear on unfair practices. We will discuss what the 2023 changes mean to your organization.

Your institution can fall victim to check fraud in multiple ways, and many of them are preventable! During this webinar learn how you and your staff can stop check fraud and save your customers and your institution thousands of dollars.

The proposed BSA/AML program rule changes will affect many areas of your BSA/AML program. This is still in proposed form, so you still have time to comment up until September 3. During this webinar, we will go over the July 3, 2024 notice of proposed rulemaking.