Overview
The establishment of deposit accounts requires consideration of some seriously important federal regulations. Some of our most important responsibilities come from two components of the Bank Secrecy Act: Customer Identification Procedures and Beneficial Ownership Requirements. Our institutions are expected to have procedures in place to satisfy these requirements when we open deposit accounts. That means that we need to have a solid understanding of our responsibilities under this regulation and how they will apply to specific account types.
Here is What You Will Learn
- CIP program components and requirements
- Whose identity do you verify for personal accounts? Business accounts? Fiduciary accounts?
- What documents do we have to collect at account opening?
- Procedures to identify and verify beneficial owners
- When do we need beneficial owner information?
- What is the control prong? What is the ownership prong?
- How do we verify the information?
Here are the Specific Account Types and Topics We Will Cover
- Single Party Accounts
- Multiple Party Accounts
- Fiduciary Accounts
- Legal Entity Accounts
Format/Instructional Method: Group Internet Based
An online presentation and any additional supplemental materials, as applicable, will serve as the basis of the presentation. Ample time will be dedicated to taking questions from attendees. Be sure to submit your questions during the webinar, as we are unable to offer telephone or email support after the presentation.
Who Should Attend
This program is designed for all bank personnel opening new accounts, including those in audit, compliance, and operations. Those with training responsibilities will also benefit from this valuable webinar.
Registration Fees
Attendees
- $335 – Attend the Live Webinar
- $435 – Attend the Live Webinar and Purchase One On-Demand License
- $835 – Attend the Live Webinar and Purchase Five On-Demand Licenses
- $335 – Purchase One On-Demand License
- $735 – Purchase Five On-Demand Licenses
Each Additional Live Webinar Attendees: $295
Registration Policy: ProBank Education Services permits one participant per paid registration to access the program via a single internet connection at one physical location. Additional registrations are available at a discounted rate and may be registered online, by mail, or phone. Group viewings are not permitted. All unregistered participants will be invoiced. Please note we reserve the right to change speakers or reschedule/cancel seminars when necessary.
On-Demand Purchase: When you purchase an on-demand webinar, you’ll receive secure login credentials to stream the recorded session and download accompanying materials from a separate email from no-reply-educationservices@us.forvismazars.com within 5-7 business days after the live webinar takes place. You’ll have 180 days to access the training at your own pace—making it easy to integrate professional development into your busy schedule.
When
Where
Questions?
September 3, 2026
- 2:00 PM – 3:30 PM ET
- 1:00 PM – 2:30 PM CT
- 12:00 PM – 1:30 PM MT
- 11:00 AM – 12:30 PM PT
Online
Contact registrareducationservices@us.forvismazars.com
800-523-4778 option 1
CE Information
A certificate of completion is available for each registrant. To obtain your certificate you must participate in the full duration of the program and enter all codewords given at random times. These items are required to receive your certificate. Please note each person must be a registered attendee to be eligible for credit.
CE Credits*
- 1.8 CPE
- 2.0 CRCM
Program Level
Basic
Prerequisite
Basic Knowledge of Deposit Regulations
Delivery Method
Group Internet Based
Field of Study
Specialized Knowledge
Advanced Preparation
None
*ProBank Education Services seminars and webinars are approved by the National Association of State Boards of Accountancy (NASBA) for Continuing Professional Education (CPE) credit, and certain topics may be eligible for Certified Regulatory Compliance Manager (CRCM) and other ABA designations through the ABA Professional Certifications process.
ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry. Certain programs have been approved for certification credits, such as the CRCM certification. This statement is not an endorsement of these programs or its sponsor. Certification holders must report these credits at aba.csod.com.
If you have concerns or would like information regarding program cancellation policies or CPE credit, contact us at registrareducationservices@us.forvismazars.com.
ProBank Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through the web site: www.nasbaregistry.org.
