Webinar: Opening Nonresident Alien Accounts
December 11, 2024 3:00 pm - 4:30 pm
How proficient are you at opening nonresident alien accounts?
Do you know the difference between interest- and non-interest-bearing accounts? What kind of due diligence and forms are required? What about identification documentation? Replete with tools and expert guidance, this timeless topic will build and refresh your confidence in dealing with nonresident alien accounts.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Acquire BSA CIP documents
- Complete W-8BENs accurately
- Report interest on Form 1042-S
- Ask due diligence and enhanced due diligence questions
- Risk rate your accountholder
- Audit your accounts
WEBINAR DETAILS
Learn to open accounts that are both interest- and non-interest-bearing for nonresident aliens. This webinar will cover the full cycle from account onboarding to compliance with BSA to interest reporting in the back of the house. This comprehensive session on nonresident alien accounts will start with definitions and types of identification and finish with an audit worksheet so your auditors can check your work. You will learn what has to be completed on W-8BENs and how to keep them from expiring. This difficult topic will come to life, with tools to assist you throughout the process.
WHO SHOULD ATTEND?
This informative session will benefit branch staff and those involved with BSA, compliance, deposit operations, training, and new accounts.
TAKE-AWAY TOOLKIT
- Audit worksheet
- New account interview
- Withholding handbook
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Deborah L. Crawford, GetTechnical Inc.
Deborah Crawford is the President of Gettechnical Inc., a Florida-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.