Five Steps for E-SIGN Compliance 2023 | Community Bankers Webinar Network | 30 August 2023 | Webinar

It was especially handy during the COVID pandemic. But like anything else, there are a multitude of regulations and safeguards, particularly when it comes to online account opening. Join us to learn more about the due diligence involved in this popular process.

After This Webinar You’ll Be Able to:
• Explain and Implement the Multi-step Consent Process to Open “no-contact” Accounts or Process Loan Applications
• Understand Which Loan and Deposit Regulations Are Related to E-sign
• Use the Most Recent Bsa Guidance for Satisfying the Due Diligence Requirements for Cip (Customer Information Program)
• Define and Identify Acceptable Documents for Loan and Deposit Accounts, and Incorporate Risk-mitigation Strategies Into the New Account Process
• Determine if Enhanced Due Diligence Steps Are Required to Open an Account or Process a Loan Application

Webinar Details;
The 2020 Pandemic Forced Financial Institutions to Open Accounts Electronically and Follow E-sign as Branches Were Temporarily Closed. Although the National Covid Health Emergency Ended on May 11, 2023, Financial Institutions Continue to Enjoy the Convenience of Online Account Opening. This Fast-paced Session Will Explain the Multi-step Consent Process and Best Practices for Processing Loan Applications, Opening Deposit Accounts, and Avoiding Common Pitfalls. Important Requirements Will Be Covered, Including Cip Required Documentation and “reasonable Belief” of the True Identity of the Customer, as Well as Risk Mitigation Strategies for Potential Fraudulent Loan Applications.

Who Should Attend?
This Informative E-banking Session is Targeted Toward Compliance Officers, Risk Managers, Operations Managers, Business Development Managers, and Others Responsible for Managing Online Banking, E-sign Compliance, E-statements, and E-disclosures.

2023 Speaker

PRESENTER:

Susan Costonis
Compliance Training & Consulting for Financial Institutions