Implementing Beneficial Owners on Legal Entities
Course Number: Webinar
Course Code: n/a
Fast approaching May 11, 2018 deadline has us asking more complicated questions about beneficial ownership of accounts. What is excluded? What is included? What is exempt? How do we handle renewals of CDs and loans. Can we do beneficial ownership form at the account level or the customer level? It goes on and on. How to map multi-tiered businesses and the human beings who own them.
This program is designed to focus on business accounts and the opening procedures, changing ownership, implementing this process and all the questions it brings.
What you will learn:
How to handle renewals
How to handle all types of businesses and beneficial ownership
Writing your business procedures
Changing signers and owners
Mapping multitiered businesses
What to do with beneficial ownership and controlling person information
Exclusions, exemptions and exempt activity
OFAC, 314 a and other compliance issues
Audience: BSA Officer, Compliance, Deposit Operations, Loan Operations and Branch Administration