Opening NRA Accounts 2023 | Credit Union Webinar Network | 15 November 2023 | Webinar
Venue
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| Event Date |
Wed Nov 15 MST (about 1 year ago)
In your timezone (EST): Wed Nov 15 2:00am - Wed Nov 15 2:00am |
| Location | Webinar |
| Region | Americas |
Details
On-Demand Webinar:
• Unlimited & shareable access starting two business days after live stream
• Available on desktop, mobile & tablet devices 24/7
• Take-away toolkit
• Ability to download webinar video
• Presenter's contact info for questions
This events for nonresident aliens (NRAs) and identifying the person with whom you are doing business has always been challenging. Since the USA PATRIOT Act Customer Identification Program (CIP) law passed, opening these accounts and obtaining the required documentation and identification is trickier than ever. This is also a BSA exam "hot spot" with the regulators because NRA accounts are considered high risk. What does the law say about identifying nonresident aliens? What type of identification is being used around the country to open accounts? What are the proper procedures for W-8 reporting? What role does the Office of Foreign Assets and Control (OFAC) play in your new accounts procedures? If you are pondering these questions or other NRA compliance issues, this session is a must.
Speakers
2023 Speaker
Debbie Crawford
President, Gettechnical Inc.