Updating Business Account Procedures: CIP & Beneficial Ownership 2024 | Financial Education & Development Inc. | 9 January 2024 | Webinar

This jam-packed webinar will help you update your business account procedures.
It will illuminate issues like resolutions, taxpayer ID numbers, signature cards, and documentation, and provide the latest update on the beneficial ownership rules. Ensure your CIP program is A-OK with this timely topic.

Webinar Highlights:
• IRS reporting on business accounts, including disregarding an entity
• CIP and beneficial ownership
• State documentation and paperwork
• Account authorization and account cards
• What happens if owners change, die, or resign?
• Update on beneficial ownership status

This program will look at all the regulatory issues surrounding business accounts, including IRS issues on taxpayer identification numbers; BSA issues such as customer identification programs (CIP) and customer due diligence (CDD); and a beneficial ownership update and coverage. Business accountholders are registering for the new national database beginning January 1, 2024, but there are no actionable items for financial institutions.

This webinar will look at the effect of the new definitions and rules and if the regulation comes out by January, that will be covered, too. Join us to learn the ins and outs of how to gain documentation, signature cards, and resolutions for each business.

2024 Speaker

Deborah L. Crawford
Gettechnical, Inc.