IBA New Accounts in Illinois 2022 (B) | Illinois Bankers Association (IBA) | 29 April 2022 | Lewis University Oak Brook, 1111 22nd St, Oak Brook, IL 60523, USA

Opening a new deposit account constitutes entering into a contractual agreement. It is critical that both the new account representatives and the customer understand the bank’s obligations along with the terms and conditions the customer is being asked to accept. The ability to clearly explain the terms, conditions and benefits of the account significantly influences the customer’s impression of your bank and its services. In addition, there are updated regulatory requirements for obtaining beneficial ownership information on covered business accounts.

The primary focus of this seminar will be on the lifecycle of the account including applicable Illinois and Federal requirements and regulations, including any applicable updates to those regulations. This program will be interactive, encourage attendee participation, and provide training tools to enhance the performance of your daily responsibilities. Join your peers to discuss the 2022 New Accounts in Illinois update and how it impacts your bank.

Topics
• Understanding Regulation CC holds
• Beneficial ownership and business account documentation requirements
• Regulatory and Illinois documentation requirements for fiduciary accounts and business accounts
• Handling personal transactions conducted through business accounts
• IRS W8BEN requirements for foreign customers
• Updated Regulation E error resolution guidance
• Illinois state escheatment laws
• Overview of Illinois state notary law changes

Audience
Tellers, head tellers, branch managers and administrators, new accounts representatives, compliance officers and staff, training staff and others who manage or work the front line.

2022 Speaker

FACILITATOR

Robin Guthridge
Director of Compliance, Wipfli LLP