Calendar of Events

Countdown to CDD Rules: Where Are You Now?

11/15/2017, 10:00 AM to Noon

No location provided

Amy Davis adavis@msbankers.com 601-948-6366

Description:

Countdown to CDD Rules:  Where Are You Now?


Presented by Deborah Crawford
Wednesday, November 15th, 2017
10:00 am - 12:00 pm CT
 

Covered Topics:

  • Final rule and changes
  • What is a legal entity?
  • Who is included and excluded?
  • What special rules do we add for beneficial owners?
  • Do we have to use the new form?
  • Can we gather beneficial ownership information at lower amounts than 25%?
  • Do we have to use our same CIP for beneficial owners or can we use a different but similar CIP?
  • Are trusts covered? IOLTA?
  • How does this work on a multi-tiered business?
  • What do we do on charities and nonprofit organizations?
  • Does this apply to sole proprietorship accounts?
  • How do we risk rate? Monitor?
  • Develop new procedures and policies for business accounts
What You Will Receive:
  • Sample Policy
  • Sample Legal Entity Handbook with procedures
  • Script for consumers and legal entities
Register here