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.
- 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
Attendance verification for CE credits provided upon request.
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.
ABOUT THE PRESENTER – Mary-Lou Heighes, CUCE, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc. Involved in the financial services industry since 1989, she has worked in numerous positions, including loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
Compliance Plus, Inc. was founded in 2000 to provide compliance assistance to financial industry. Since then, Mary-Lou has helped financial institutions with developing compliance programs, provided compliance training nationwide, and spoken at numerous conferences throughout the country. She has been an instructor at regulatory compliance schools, conducts dozens of webinars and conferences throughout the country, and has written articles for Credit Union Magazine.
|Over $75 million
|$25 - $75 million
|Under $25 million
Scholarships are available for all KCUA education events. Scholarships pay 100% of registration fee for credit unions under $25M, 50% for credit unions between $25-$75M and 25% for credit unions over $75M.
Upon registration, you will receive an email confirmation that you can print for your records.