CIP: What is Fact? What is Myth? Webinar
Has compliance with the Bank Secrecy Act’s Customer Identification Program (CIP) requirements adversely affected your financial institution? Are you frustrated because you haven’t been able to close a loan or you can’t open an account because of your CIP policy? – see complete description below.
Click Here for Webinar Description and Audience
Has compliance with the Bank Secrecy Act’s Customer Identification Program (CIP) requirements adversely affected your financial institution? Are you frustrated because you haven’t been able to close a loan or you can’t open an account because of your CIP policy? Are you concerned that your financial institution may be hurting its ability to do business with legitimate customers because you require more than what is actually mandated by the law? If so, this seminar will help. It will focus on differentiating CIP myth from CIP fact, and will explore the common mistakes made by financial institutions in designing and maintaining their CIP policies. It will also address the various types of identification options available and review what is considered to be “documentary” and “non-documentary” verification.
This webinar will cover the following:
•Review what the CIP regulations REALLY say about what a financial institution is supposed to do
•Provide tips for avoiding the common CIP mistakes financial institutions make when writing and implementing CIP policies and procedures
•Suggest steps the financial institution can take to change its CIP policy so that it can adhere to the goals of the USA Patriot Act/Bank Secrecy Act and still allow it to do business with legitimate customers
•Clarify the confusion of doing business with non-citizens, specifically focusing on documentary and non-documentary verification options
•Review the BSA Exam Manual’s requirements for CIP so that your staff can be prepared to address your regulator’s questions.
Who Should Attend?
This seminar is directed to all levels of financial institution personnel. It will provide helpful information for use by new accounts and loan personnel, as well as compliance officers and managers.
Click Here for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click Here for Viewing Option Descriptions
INCLUDES SEVEN DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. Participants can type and send their questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate in the same room.
SIX MONTH ONDEMAND VIDEO RECORDING:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
CD-ROM VIDEO RECORDING:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.