New Accounts in Illinois


Hybrid Event  
Thursday, April 13, 2023 - Friday, April 14, 2023   iCalendar Central Standard Time

Hybrid Delivery Options (select your preference when registering)

Thursday, April 13, 2023 - IBA Center for Banking Excellence, Springfield OR Live-Streamed via Zoom 
Friday, April 14, 2023 - Lewis University, Oak Brook 
9:00 a.m. - 4:00 p.m.

Opening a new deposit account constitutes entering into a contractual agreement. It is critical that both the new account representatives and the customer understand the bank’s obligations along with the terms and conditions the customer is being asked to accept. The ability to clearly explain the terms, conditions and benefits of the account significantly influences the customer’s impression of your bank and its services. In addition, there are updated regulatory requirements for obtaining beneficial ownership information on covered business accounts.

The primary focus of this seminar will be on the lifecycle of the account including applicable Illinois and Federal requirements and regulations, including any applicable updates to those regulations. This program will be interactive, encourage attendee participation, and provide training tools to enhance the performance of your daily responsibilities. Join your peers to discuss the 2023 New Accounts in Illinois update and how it impacts your bank.

Topics

  • Understanding Regulation CC holds
  • Regulatory and Illinois documentation requirements for fiduciary accounts and business accounts
  • Beneficial ownership and business account documentation requirements
  • Pending updates to beneficial ownership regulatory requirements
  • Handling personal transactions conducted through business accounts
  • IRS W8BEN requirements for foreign customers.
  • Regulation E error resolution guidance
  • Illinois state escheatment laws

Audience
Tellers, head tellers, branch managers and administrators, new accounts representatives, compliance officers and staff, training staff and others who manage or work the front line.

Facilitator
Robin Guthridge is a Director of Compliance for Wipfli LLP and the Bank Secrecy Act (BSA) compliance practice leader at Wipfli. She is a sought-after speaker for local, state and national industry events and provides customized BSA and deposit compliance training solutions. Robin’s firsthand experience working in the financial services industry allows her to provide meaningful insight and helpful recommendations in the areas of BSA and deposit compliance.

Continuing Education
6 CPE Credits (IL Public Accounting)
6 ABA CRCM Credits

Per Person Fee
IBA Member $265
Nonmember $445

Hybrid Event  

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