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Beneficial Ownership Update for Customer Service Representatives

Catch your front-line branch staff and lending teams up on BOI!

OnDemand
Recorded Friday,
September 20th, 2024
Presented by Deborah Crawford
2h total length
$299.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Customer Service
  • Deposit Accounts
  • Deposit Compliance
  • General Compliance
  • Risk Management/Legal
  • Bank Secrecy Act Officer/BSA Specialist
  • Branch Manager
  • Compliance Officer
  • Loan Closer
  • Loan Operations Manager/Specialist
  • New Accounts Representative
  • Private Banker
  • Senior Management
  • Teller
  • Training Manager
  • Trainer

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Part I and Part II of the beneficial ownership rules are final. We are anticipating new information at any time in proposed form. Customers are now registering their businesses with the federal government.

So what do we need to know? What is the new terminology, exclusions, exemptions? How can we get ready? These are the questions that many institutions are struggling with as we move forward.

During this webinar, we will give a general overview of all the new rules as we wait for the last piece. If it is released before this webinar date, we will also cover that part. Currently, there are no actionable items for your financial institution. We are still operating under old rules but preparing for the new ones.

You will receive: BOI Handbook

What You'll Learn

  • What is a reporting company?
  • Who is exempted from the definition?
  • Who is excluded from the definition?
  • What is the definition of beneficial owner?
  • Who is an exception from that definition?
  • What information will the company, owners, and company applicant have to report?
  • What if the company fails to register?
  • What if the information reported changes?
  • Who will have access to the database?
  • How will we gain access?
  • What are the restrictions to that access?
  • What can we use the information for as a financial institution?
  • And much more

Who Should Attend

New accounts, personal bankers, lenders, training, compliance, management, and BSA personnel will all benefit from this session.

Deborah Crawford

Instructor Bio

Deborah Crawford is the President of Gettechnical Inc., a Florida based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor's and master's degrees from Louisiana State University. She has 35+ years of combined teaching and banking experience.

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