Opening Accounts for Non-Resident Aliens – BSA/OFAC Considerations
In this session, we will discuss the documents you should consider obtaining, the risks associated with various types of documents, and the risks non-resident aliens can pose to your institution. We will also consider ways to mitigate those risks, so your program is robust and meets regulatory expectations. (Rec. 7/19/22)
Recorded: July 19, 2022
BSA and OFAC Officers have many challenges when training front-line personnel to obtain proper documentation for individuals, risk-rating those accounts, and monitoring them effectively. When opening accounts for non-resident aliens, an even greater challenge is presented as there are a variety of documents to consider, potential risks involved, and regulatory expectations to follow. In this session, we will discuss the documents you should consider obtaining, the risks associated with various types of documents, and the risks non-resident aliens can pose to your institution. We will also consider ways to mitigate those risks, so your program is robust and meets regulatory expectations.
Your registration includes:
- A copy of the presentation materials
- Unlimited video replay
Refund Policy:
If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.
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