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Wisconsin Credit Union Foundation

Nonresident Alien Accounts: Opening, Tax ID Numbers, IRS Issues & More

Take the guesswork out of NRA accounts and get effective identification steps, learn how to conduct enhanced due diligence at account opening and monitoring compliance. Also get important insight into proper tax reporting of NRA accounts and relevant hot topics.

May 24, 2017 02:00 PM   -­­  May 24, 2017 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Member Services
  • Compliance

Register

Description

Examiners consider nonresident alien (NRA) accounts to be high risk. Staff members are expected to be confident when identifying, documenting, and managing related procedures. This webinar will take the guesswork out of NRA accounts. It will include effective identification steps, how to conduct enhanced due diligence at account opening, and monitoring compliance, as well as important insight into proper tax reporting of NRA accounts and relevant hot topics. Join us for this comprehensive look at sound practices and related hot topics to ensure clarity in NRA account administration.

Learning Objectives

  • How to differentiate between resident and nonresident aliens
  • Insight into account opening and documentation BSA exam manual requirements for enhanced due diligence processes
  • Monitoring processes to incorporate into suspicious activity monitoring procedures
  • How to incorporate NRA account activity into your BSA/AML risk assessment
  • IRS reporting for NRAs

Speaker

Dawn Kincaid, Brode Consulting Services, Inc.

Download the brochure >>