Opening Accounts for High Risk Customer: Documentation, Scripts


Presented by: Deborah Crawford

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Today's decision to bank or not to bank high risk customers has been called a movement to de-risk. De-risking means to choose not to bank a whole group of customers. This process is being criticized as perhaps not being in the best interests of the country since there will be groups who find it difficult to find banking services. It may send industries into virtual currency and cash which make them less transparent. Perfect examples of this are marijuana related businesses, money service businesses, nonresident aliens, pay day lenders, third party payment processors.

Instead, it may make more sense and ultimately be good for the local institution and the national objectives of transparency, to bank the high risk customers whose risk we can manage. If you choose to bank some of the high risk customer groups, what should you be looking for and what paperwork and documentation should you get before you enter the relationship. This webinar will delve into scripts, documentation, and monitoring for high risk customers.

Who Should Attend?
New Accounts, Bank Secrecy Officers, CIP Review, Branch Operations, Deposit Operations, Compliance and all Branch Personnel

About the Speaker: Deborah L Crawford is the President of Gettechnical Inc. specializing in education for banks and credit unions around the country. She began her career at Hibernia National Bank. She has been doing training for 27 years and focuses on the deposit, IRA and BSA side of compliance issues. Her company Gettechnical Inc. is recently relocated to Virginia . She has a bachelor's and master's degrees from Louisiana State University.

This program was recorded in its entirety in February 2015. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_highrisk0215
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 16 December, 2014.

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