Opening New Accounts: Documentation & Compliance
Many financial institutions are taking more losses in the new account area than in the loan area. The reason? Not recognizing fraudulent accounts!
Too often new account personnel receive limited training before opening their first account. Most of the expertise is gained “on the job,” which results in an environment of insecurity and vulnerability for new account representatives, and unnecessary losses for the financial institution. With new compliance regulations, it seems like we are now conducting New Account “interrogations” rather than New Account “interviews”!
NOTE: It is strongly recommended that you bring a copy of your institution’s signature cards and account agreement to this annual review.
Each participant will receive a completely updated Legal Issues of New Accounts Manual customized to Arkansas law.
Click here to download brochure.