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2018 Advanced New Accounts Seminar, OKC
October 11, 2018 @ 9:00 am - 4:00 pm CDT
This program will get you up to speed on both practical and legal requirements for opening and documenting various types of non-basic new accounts.
For example, the new requirements for determining and documenting beneficial ownership became mandatory a few months ago. We’ll discuss the early reports of issues, challenges, and lessons learned. Plus, we’ve had MSBs (Money Services Businesses) for a while, but the passage of State Question 788 in Oklahoma has now paved the way for MRBs (Marijuana-Related Businesses). If your bank has elected NOT to bank such entities, we’ll help prepare you to spot the signs that a new customer is trying to hide the fact they operate an MRB. If your bank will provide services to MRBs, we will help you ensure the businesses are properly licensed.