Webinar: Compliance Update on
Nonresident Alien Accounts: Opening, Tax ID Numbers, IRS Issues &
Tuesday, November 26, 2013
2:00 - 3:30 pm CST
Speaker: Mary Lou Heighes, Compliance
About the Program
Dealing with nonresident alien accountholders adds another layer of
issues to account opening, maintenance, and reporting. Who is considered
a nonresident alien? What questions should be asked at account opening,
not only for compliance purposes, but also to ensure we can provide the
needed services (e.g., foreign wire and ACH capability)? Who is eligible
to complete a W-8BEN? What are the IRS 1042-S reporting requirements?
What is the difference between a Social Security number and an ITIN?
This webinar will provide the insight you need to handle these issues
effectively and still provide great member service.
Types of identifying numbers that can be utilized for CIP
Tax reporting issues for nonresident aliens
Acceptable forms of identification when someone does not have a U.S.
state-issued driver’s license or ID card
Special red flags for money laundering and terrorist financing
Enhanced customer due diligence (CDD) and PEP status