Account opening mistakes could have irreparable consequences for your customer and possibly their heirs. This seminar takes a look at the legal issues of opening personal accounts and how styling those accounts could make it easy for estate planning or a total nightmare.
This session will also assist customer contact staff in building a framework for addressing some difficult questions asked by your customer without giving tax or legal advice. Estate planning for your customer maybe affected by what you and your customer decide to do on a particular account.
This webinar is a timely program for professionals who want to ensure that their bank’s mobile content, use, risks, policies, records, privacy, and procedures are managed in compliance with the law, regulatory rules, and organizational guidelines.
Did you know that only 39% of companies have a formal Bring Your Own Device (BYOD) to work policy?
Employees regularly use mobile devices for business and personal communication. While some use bank-owned smartphones to hold private conversations, more and more employees are using personal, unsecured iPhones and mobile devices to conduct bank business.
The idea of a 3 line defense system is not necessarily a new concept, but it is one that has begun to receive more emphasis. With our regulatory world changing and becoming increasingly complicated, a new formalized approach to the 3 lines of defense is helping many institutions stay on track and in compliance. This approach helps to establish responsibility and accountability throughout your processes.
This session will explore what the 3 lines of defense look like and how you can implement them in your institution.
FinCEN is issuing final rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: banks; brokers or dealers in securities; mutual funds; and futures commission merchants and introducing brokers in commodities. The rules contain explicit customer due diligence requirements and includea new requirement to identify and verify the identity of beneficial owners of legal entity customers, subject to certain exclusions and exemptions.