Account Documentation Series: Compliance & Due Diligence at Account Opening

Regular price $258.48 (tax included)

This is an on-demand webinar

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From identifying accountholders to providing proper disclosures, the process of opening accounts is riddled with regulatory requirements. This webinar will address the requirements in-depth, including identifying parties to the account for both BSA and identity theft purposes; ensuring you have enough information to determine the normal and expected account activity; providing proper disclosures for Truth in Savings, Regulation CC (check holds), Regulation D (limitations on transactions), Regulation E (debit/ATM cards, home banking, bill payer, etc.); and contractual items, such as remote deposit capture and business accounts. Knowing the rules and timing requirements and why they must be followed will make your account-opening process run smoothly plus minimize liability and risk.


  • What are the requirements for providing disclosures electronically?
  • Which disclosures need to be provided and when?
  • How can the institution protect itself from potential issues when depositors misuse their accounts?
  • Who should be identified during CIP?
  • When should there be an OFAC check?
  • Should business accounts be treated differently at account opening?
  • Why are we required to know about prospective activity and watch for identity theft?

ABOUT THE PRESENTER – Mary-Lou Heighes, Compliance Plus, Inc.

Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Mary-Lou has over 20 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.

Originally recorded on January 11, 2017.

Recorded webinar is available until December 31, 2017.

Free Digital Copy included with purchase to download and view beyond link expiration date.

Price includes sales tax.