Calendar of Events

Writing Business Account Procedures for New CDD

12/19/2017, 1:30 PM to 3:30 PM

No location provided

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

Description:

Writing Business Account Procedures - New CDD


Presented by Deborah Crawford
Tuesday, December 19th, 2017
1:30 pm - 3:30 pm CT
 

Covered Topics:

  • What authority is need to open every type of business account
  • Why we do what we do in establishing ownership and liability
  • What the resolution does and does not do on business accounts
  • Impact of CIP and CDD from the Bank Secrecy Act on opening accounts
  • Detecting beneficial owners
  • Implementing new procedures for customer due diligence and beneficial owners
  • Changing signatories
  • Multi-tiered LLCs
  • Partnerships with businesses as partners
  • Corporations dba other entities
  • Trusts as owners of businesses

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