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SDBA 2018 New Accounts Seminar - Sioux Falls
Wednesday, April 04, 2018, 8:00 AM CST
Category: Seminars

SDBA NEW ACCOUNT DOCUMENTATION & COMPLIANCE
Hilton Garden Inn South
Sioux Falls

April 4, 2018

Summary

Managing risk is the #1 priority for all financial institutions and it all starts at the new account desk. If a criminal cannot get in, they cannot steal from your organization. Well-trained new account personnel and universal bankers who recognize and stop attempted dishonest activity are the first line of defense in protecting a financial institution from fraudsters. Unfortunately, too often, new account personnel are trained "on the job" which results in an environment of potential vulnerability and unnecessary losses for the financial institution. Additionally, with constant new regulations, the need for ongoing training is paramount in order to maintain diligence as well as update processes and procedures. This full day workshop teaches important new account opening procedures and compliance requirements focusing on vital information for every type of new account. The seminar manual is customized to your state law and has become known as the "technical reference handbook" for new account departments across the country.

Presenter

Suzette (Suzie) Jones, CFP® is the managing member of Training Resources Consulting, L.L.C. located in Houston, Texas. With over 40 years of experience in the financial industry, Suzie has focused her technical expertise on new accounts risk management and investment management. Suzie served as an Executive Vice President at a $50B financial organization where she was an active member of the AML, BSA, Personal/Corporate Risk and Non-Bank Product Risk committees. Suzie brings technical information to life with her engaging training style and in-depth knowledge. She holds the Certified Financial Planner (CFP®) professional designation.

Registration Fee

Registration includes program, handouts, breaks and lunch.

Member: $265/person
Non-Member: $370/person

Registration fee includes $25 for meals and breaks. This information is provided for your tax records, in keeping with the IRS 50 percent deductible provision under Section 274 (n) of the Internal Revenue Code.

               

Course Highlights

  • Six Basic Requirements For Opening Any New Account
  • Understanding Signature Card and Account Agreement Contracts
  • TIN Compliance
  • Proper Business Account Documentation and Resolutions:
    • Sole Proprietorships, General and Limited Partnerships, LLC, LLP, LLLP, Corporations, Escrow Accounts, Non-Profit Associations and Charitable Organizations, IOLTA Accounts and Public or Governmental Units
  • Opening Individual Accounts:
    • Individual, Joint With Rights of Survivorship, Tenants-In-
  • Common Without Rights of Survivorship
  • Adding Authorized Signers or Agents to Personal or Business Accounts
  • Access at Death on a Personal or Business Account
  • Power of Attorney – In-House vs. Out-of-House Form
  • Trust Accounts – Formal vs Informal, Revocable vs Irrevocable, Living Trusts, Six Pieces of Information Needed
  • Payable on Death, In Trust For “ITF”
  • Accounts for Minors – Single Account In Minor’s Name, Joint Account With a Minor, Uniform Transfer To Minors Act Accounts
  • Power of Attorney – Out of House versus In-House forms
  • Court Ordered Accounts: Estate, Guardianship and Conservatorship
  • FinCen - New Customer Due Diligence Effective 2018 

Schedule

8:30 - 9 a.m. Registration
9:00 - noon Program
noon - 12:45 p.m SDBA Host Luncheon
12:45 - 3:45 p.m. Program Continues

 

Location

Hilton Garden Inn South
5300 South Grand Circle, Sioux Falls
605-444-4500
Rooms available night prior at $129.00

Who Should Attend

All customer contact personnel, supervisors, and officers whose responsibilities include opening or managing new accounts and certificates of deposit. Excellent for supervisors or officers who have recently assumed the responsibility of the new account area but perhaps have never worked in new accounts. Internal Auditors and Compliance Officers will find the information exceptionally beneficial. 

YOU ARE ENCOURAGED TO BRING A COPY OF YOUR INSTITUTION’S SIGNATURE CARDS AND ACCOUNT AGREEMENT TO THE WORKSHOP