Event Calendar

Wednesday, July 10, 2024

CIP & CDD: Regulations, Exam Procedures & FAQs Webinar

Start Date: 7/10/2024 9:00 AM MDT
End Date: 7/10/2024 10:30 AM MDT

Event Website: https://financialedinc.com/reg-cc-check-holds-check-21-remote-deposit-capture-reg-d

Organization Name: Independent Community Bankers of Colorado

Maelynn Lewis
Email: mlewis@icbcolo.org
Phone: (720) 607-7937

What does it mean to “know” your accountholder? When do you have to ask purpose, source, and anticipated volume questions? How can compliance with our program be enforced? These are hard questions and the pending CDD legislation doesn’t help. This program will evaluate CDD and EDD regulations and exam guidance and provide insight on how to proceed with a program that is sales friendly. Join us for a look at the regulations line-by-line and what to expect with upcoming changes. Is it time to change your CIP written in 2003? Does anything above prompt questions or concerns? This webinar will explore changing your CIP in light of new systems, processes, and technology in 2024. Your program should shift with the new technologies and identifications in the marketplace. We will look at the regulation line-by-line and point out avenues of change to explore in 2024.
  • The Customer Identification Program (CIP) regulation line-by-line
  • What information is required before opening an account?
  • Required documentary and non-documentary verification
  • Should you add more types of identification? What types are available?
  • Do you keep CIP up to date?
  • How should online banking be addressed?
  • Can you back off from your 2003 CIP now that more systems are in place?
  • Examination expectations on Customer Due Diligence (CDD)
  • Keeping accountholder records up to date
  • Anticipating transactions and activities
  • Enhanced due diligence (EDD) on high-risk accountholders
  • Developing the questionnaire
  • When and how should an account be closed?
  • Working with sales and not against them
  • CDD rules — beneficial owners, controlling person, and the form
  • Renewals, IOLTAs, trusts, and multi-tiered business ownership
  • New accounts handbook
  • BOI 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
This webinar will benefit BSA officers, BSA support personnel, deposit operations staff, compliance officers, and trainers.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
Deborah L. Crawford, Gettechnical Inc.
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.

  • Unlimited live connections with shareable access within your institution
  • Available to view on desktop, mobile & tablet devices
  • Take-away toolkit
  • Live Q&A session & the presenter's contact info for follow-up questions • Access the webinar training from your User Portal
  • Unlimited and shareable access to the recording within your institution,
    starting two business days after the live date
  • Available to view 24/7 on desktop, mobile & tablet devices
  • Take-away toolkit
  • Ability to download the webinar video and toolkit items
  • Presenter's contact info for follow-up questions
  • Access the webinar training from your User Portal
  • Save when you Bundle the Live + On-Demand Webinar Registration
  • Includes all the items listed above
  • Full registration descriptions can be found here

Online Registration

Registration is Closed
Closed: 7/9/2024 3:00 PM

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