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Webinar: Compliance Update on Nonresident Alien Accounts: Opening, Tax ID Numbers, IRS Issues & More


Tuesday, November 26, 2013

2:00 - 3:30 pm CST


Speaker:  Mary Lou Heighes, Compliance Plus, Inc.


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 compliance
  • 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
  • OFAC compliance

Related Files
Printable Brochure (Adobe PDF File)

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