Opening Business Accounts in Tennessee

September 25: Kingsport

September 26: Knoxville

September 27: Jackson

September 28: Nashville

Early Registration Deadline: September 15, 2017

NOTE: New Location for Jackson

Jackson State Community College
2046 North Pky, Jackson, TN 38301
-Nelms Classroom Building, Lower Level
-Click here for a campus map

 

Whether your bank opens one business account a week or several every hour, this evening program is a must for deposit staff tasked with onboarding customers. Why? The Financial Crime Enforcement Network’s (FinCEN’s) final CDD regulation, published in the Federal Register on May 11, 2016, mandates big changes to the bank’s policy and procedures related to account opening, specifically accounts for businesses. Your bank must comply no later than May 11, 2018. It will be here in no time!

Every employee responsible for onboarding new business customers and opening or modifying accounts for existing customers must have a basic understanding of business organizations in Tennessee. This state-specific program provides information about business organizations, documentation, ownership, and CIP and CDD. It lays the groundwork for in-bank training needed to implement the bank’s specific policies, procedures, and processes.

 

This program includes information on the following

• Importance of obtaining a properly completed, valid resolution prior to account opening
• Determining the type of business organization and documentation available in Tennessee
• Legal entity versus sole proprietorship
• For-profit versus not-for-profit entities
• Requirements of the new beneficial ownership certification
• CIP requirements for businesses, agents, beneficial owners
• Information available on the Tennessee’s Secretary of States website, and what it means
• CDD questions asked at account opening and why they are important
• Significance of establishing a “customer risk profile” at onboarding
• Importance of “high level” changes to business accounts

Please bring the forms you currently use when onboarding and opening accounts for businesses.

 

Schedule

4:30 p.m.    Registration
5:00 p.m.    Dinner is served
5:45 p.m.    Program begins promptly
8:45 p.m.    Program adjourns

 

Continuing Education Credit:

3 hours CPE credit

This program has not been pre-approved for ICB CE credits. Attendants who require ICB credits should go to http://www.aba.com/Training/ICB/Pages/default.aspx for further instructions.

Program Fees

TBA Members / Associate MembersNonmembers
Early Registration $210$420
Early registration deadline is September 15, 2017
Registration $240$450
Day-of-Program $290$500

TBA Contact

Debbie M. Brickles - dbrickles@TNBankers.org
IOM, Senior Vice President of Training & Development
Tennessee Bankers Association
211 Athens Way, Ste 100 • Nashville, TN 37228-1381
800/964-5525 or 615/244-4871 or www.TNBankers.org

Register for Opening Business Accounts in Tennessee

1: Select a Date/Location

Special Needs: If you have a special need that may affect your participation in this program, or special dietary requests, please send TBA a statement detailing your needs at least 10 days before the program. We will contact you to discuss accommodations.

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