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2019 KY Account Administration2-Day Workshop - Electronic

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SKU EKYDEP
 
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Note: This manual was presented to attendees of this two-day workshop presented in March of 2019. Click the link to order an electronic (PDF) copy of this manual. It can be copied and distributed to an unlimited number of employees or posted on the financial institution's intranet for instant access and easy reference. You will automatically receive a link to the manual via e-mail when payment is received.

This two-day workshop is the most comprehensive seminar offered on the topic of bank accounts in Kentucky.  These materials provide answers to questions routinely asked by customers and employees. This 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. 
 
This first part of the manual 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 Kentucky's NEW POA and financial exploitation laws in detail. Fiduciary relationships such as trusts, UTMA, Representative Payees, and benefit/memorial funds receive in-depth coverage.
 
The remaining portion is dedicated to 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. These materials address 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 reviewed. Resolutions are examined in detail. We also discuss the idea of a business account application, and the forms and information it may include.
 
 

Speaker Bio

Laura Wilson is a principal with Pegasus Educational Services, LLC. She is a gifted trainer who proves learning can be fun. Audiences routinely comment that her recollection of material content and sense of humor are unique among presenters on technical topics.

Her career in training on banking related issues began in 1987. At one time she served as the regulatory compliance trainer for a $3 billion savings bank. Later, she was a senior consultant and full-time trainer for a regional consulting firm for financial institutions.

She has served on the faculty of the OTSí Level I Compliance School and the FDICís Bank Operations and Compliance School for examiners. In addition to presenting seminars for 17 state banking associations, she has been an instructor at compliance schools sponsored by the Iowa, Kentucky, Texas and Pennsylvania bankers associations. She is also a member of the American Society for Training and Development.