New Account Documentation and Compliance Seminar

April 12, 2022

Hilton Garden Inn South, Sioux Falls 

Register Online | Print Details & Registration Form

SEMINAR DESCRIPTION

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 and community.  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, new account personnel are often trained "on the job," which can result in an environment of potential vulnerability and unnecessary losses for the financial institution. Additionally, with constant new regulations, the need for ongoing compliance training is paramount to maintain diligence and update processes and procedures. This full-day workshop, customized to your state law, teaches essential new account opening procedures, best practices, and compliance requirements. It answers complex questions asked by customers and staff while focusing on vital information for every new account type.

REGISTRATION FEE

Member Fee $275
Non-Member Fee $425

Cancellation Policy: 100% refund if canceled on or before April 1; 75% refund if canceled April 2-5; No refund if canceled after April 6. Substitutions allowed at any time. 

WHAT YOU WILL LEARN

• Six Essential Requirements for Opening Any New Account
• Understanding Signature Card and Account Agreement Contracts
• TIN Compliance
• Proper Business Account Documentation and Completion of Resolutions:
• Sole Proprietorships, General and Limited Partnerships, LLC, LLP, LLLP, Corporations, Escrow Accounts, Non-Profit Associations, Charitable 501(c)(3) Organizations, IOLTA, and Public or Governmental Units
• Opening an LLC when owned by a Revocable Trust
• 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 – Out-of-House Form, Statutory POA Requirements
• Fiduciary/Trust Accounts – Formal vs. Informal Trusts, Revocable vs. Irrevocable, Living Trusts, Testamentary Trusts, Trust Account Certification
• Payable on Death, In Trust For “ITF”
• Accounts for Minors – Single Account, Joint Account, Uniform Transfer To Minors Act Accounts
• Court Ordered Accounts: Estate, Guardianship, and Conservatorship
• Representative Payee and Veterans Affairs Fiduciary
• FinCEN - Beneficial Ownership Certification
• Opening Accounts for Complex Business Structures

SEMINAR PRESENTER

Suzette (Suzie) Jones, CFP®, is the managing member of Training Resources Consulting, L.L.C.  For over 40 years, Suzie has focused her technical expertise on new accounts risk management. Suzie served as an Executive Vice President at a $50B regional financial organization. She led the $11B Investment Division and was an active member of the AML, BSA, Personal/Corporate Risk, and 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.