Opening Accounts for Nonresident Aliens: W-8BEN, W-8BENE, CIP and CDD
This training session covers the impact of FATCA, the new forms (Form W-8BEN for individuals, Form W-8BEN-E for entities, Form W-8BEN for non-resident alien individuals, Form W-8BEN-E for foreign entities), and 1042S reporting to the IRS.
We'll also look at acceptable forms of identification and Bank Secrecy Act issues in your Customer Identification Programs and due diligence.
Who Should Attend
- Who is a nonresident alien
- How FATCA impacted your account opening procedures
- Types of Identification to open account
- CIP and CDD for Nonresident aliens
- How to complete new W-8BEN and W-8BENE
- New ITIN rules for expiration
- Rules for using previous versions of the form
- TIN requirements for Forms W-8BEN
- Due Diligence requirements for withholding and "Reason to know"
- Requesting a new W-8BEN
- W-8 Period of Validity
- Substitute Forms W-8
- OFAC Special Issues
New Accounts Representatives, Branch Managers, Deposit Operations, Compliance, Security and Training
"Extremely informative, excellent questions. Thank you!!!!" -Marisa M., NorStates Bank
Deborah Crawford is the President of gettechnical inc. She specializes in compliance and regulations for the deposit side of financial institutions. Her 20+ year career in banking and training began at Hibernia National Bank. She has been a seminar leader for many state associations and credit union groups across the nation. She has Bachelors and Masters degrees from Louisiana State University.
|Licenses / Designations / Educational Credits:||CEU|
All US States: 2.5
All Canadian Provinces: 2.5
|About The Provider:
||Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.
For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.
We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.
Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.
Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
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|Currently Scheduled Dates For This Webcast|
|Opening Accounts for Nonresident Aliens: W-8BEN, W-8BENE, CIP and CDD||CD/On-Demand||$325.00||
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