CU Webinar Webinars - Live

Opening Deposit Accounts Online: Risks, E-SIGN, Compliance

August 20 | 3:00 pm - 4:00 pm ET
Category:
CU Webinar Webinars - Live
Contact: Lauren Simonds at lsimonds@mainecul.org

Online account opening is becoming mainstream – but it’s not without risk.

A cascade of compliance regulations apply, including BSA, CIP, CDD, E-SIGN, and more. Would you be able to identify a red flag? What about reporting suspicious activity? Are you adept at wading through the documentation? If all this seems like paddling upstream, this webinar will bring smooth sailing.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Explain and implement the six-step consent process to open “no-contact” accounts
  • Understand which deposit regulations are related to E-SIGN and have specific compliance provisions
  • Use the most recent BSA guidance for satisfying the due diligence requirements for CIP
  • Define and identify acceptable documents to open accounts and incorporate risk mitigation strategies into the new account process
  • Determine if enhanced due diligence is required to open the account

For more information, including pricing and registration, click here.