Advanced Kentucky Deposit Documentation

Overview

This is a two-day event! 

"One day just isn’t enough time." That has been the only criticism of the one-day Deposit Account Administration seminars. There is too much information for one-day!

This two-day program is the most detailed seminar offered on the topic of bank accounts in Kentucky. The presentation provides answers to questions routinely asked by customers and employees. The manual supports those answers with citations to laws, regulations, federal forms and publications. It also provides tips on loads of free resources for use back at the office. Every bank in Kentucky should send at least two employees to this program. They will be able to compare notes, and then divide, delegate and conquer. Yes - there is that much information!

Here is What You'll Learn

Day One is all about Federal requirements at onboarding and account opening, and consumer accounts and fiduciary accounts. Federal requirements lay the foundation for "on-boarding" customers. Kentucky law regarding opening, access, titling, ongoing maintenance and death provisions for consumer accounts are covered in detail. We will also discuss fiduciary relationships such as powers of attorney, trusts, UTMA, Representative Payees, and benefit/memorial funds receive in-depth coverage.

Day Two puts the focus on business accounts. Federal laws and regulations relating to customer onboarding, payment of interest, disclosure requirements, Fair Credit Reporting Act third-party verification requirements and IRS TIN, titling and certification are just the beginning. The bank's anti-money laundering program, including the customer due diligence and beneficial ownership requirements have a significant impact when opening accounts for legal entities. This program addresses information you need to know when implementing these requirements in your bank. The different types of commercial entities recognized in Kentucky are defined and explained, and the available documentation is assessed. Resolutions are evaluated. We also discuss the idea of a business account application, and the forms and information it may include.

Who Should Attend

This program is intended for experienced bankers who are responsible for opening accounts, developing policies and procedures, and training employees. Auditors and back office personnel will also find the information useful. The bank’s BSA/AML team may also benefit.

Registration Fees

Attendees: $830

Each Additional Attendee: $755

All fees include lunch, coffee breaks, and all course materials. Breakfast and parking are on your own.

When

Where

Questions?

• 9:00 AM – 4:00 PM ET

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*

• 13 CPE
• 13 CRCM

Program Level

Advanced

Prerequisite

Basic Knowledge of Deposit Regulations

Delivery Method

Group-Live

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.