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Compliance at Account Opening

Jan 15 2:00 PM - Jan 15, 2020 3:30 PM
Jan 15, 2020 2:00 PM - 3:30 PM

Compliance is king when opening new deposit accounts. Do you know the essential elements, accountholder disclosures, and federal requirements?  

Learning Objectives

  • Comply with CIP and CDD
  • Assign accountholders to W-9 or W-8BEN for IRS purposes
  • Understand and correctly provide all federal disclosures – Regulations CC, E, and P and TISA
  • Comprehend the legal requirements under Reg D for checking, savings, and time deposits
  • Correctly conduct the new account interview for federal compliance  

This program will focus on the federal requirements to open a new deposit account.  It will address how CIP and CDD under the Bank Secrecy Act have affected the identification and questionnaire process and how to place a Regulation CC hold on a new account. You will learn what each required disclosure means to your institution and accountholders. In addition, this program will explain overdraft requirements, W-9 and W-8BEN new account requirements for nonresident aliens, and many other federal issues. Attend this jampacked session to learn the ins and outs of opening deposit accounts compliantly.



Deborah L. Crawford, Gettechnical Inc 

Deborah Crawford is the President of Gettechnical Inc., a Baton Rouge-based firm, specializing in the education of financial institutions across the nation. Her 30+ years of experience began at Hibernia National Bank in New Orleans.  She graduated from Louisiana State University with both her bachelor’s and master’s degrees. Debbie specializes in the education of financial institution employees and officers in the areas of deposit account laws, new account documentation, insurance, complex compliance regulations, and IRAs.




Additional Info

This webinar is also available as part of a six-part deposit account series. Purchase the full series of six webinars for $1,295 and save $259.

Learn more >>

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Compliance