{"product_id":"fair-banking-and-closing-accounts","title":"Fair Banking and Closing Accounts","description":"\u003cp class=\"x_MsoNormal\" data-olk-copy-source=\"MessageBody\"\u003eBanks and credit unions have the right to close accounts. However,  with that right comes a lot of responsibility. This course will provide banks and credit unions an understanding of operational, legal, regulatory, and customer service aspects of account closures.  During this course we will also discuss how to determine if your customer is a victim or participating in financial crime. New executive order issued August 7\u003csup\u003eth\u003c\/sup\u003e\u003cspan\u003e \u003c\/span\u003ecalls for an end to debanking.  During this webinar we will look at debanking, de-risking, and demarketing—dissecting the three big Ds and what they might mean to your financial institution.  There has been a trend for the demise of de-risking groups of account holders, and the first step has been the end of reputational risk used by examiners to criticize financial institutions for banking particular account holders.  Yet, there are times that financial institutions have to close accounts because of fraud, money laundering and de-market services to bad actors.  Learn what these terms mean and where they come from and how to navigate these challenges.\u003c\/p\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cb\u003e \u003c\/b\u003e\u003cb\u003eTopics covered in this course\u003c\/b\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eUnderstand what debanking means in the new executive order\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eLearn what caused the end to reputational risk?\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eReview derisking and understand its definition from AML Act\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eGlean back through closed accounts—do you have any compliance risk?\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eSeparate when demarketing is required as opposed to debanking\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eDevelop policies and procedures to filter out account closures or restrictions based on political concerns\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eClosing Complicated accounts (IRAs, HSAs, CESAs, \u0026amp; Custodial accounts)\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eReview your terms and conditions for account closures.\u003c\/li\u003e\n\u003cli class=\"x_MsoNoSpacing\"\u003eWhat to include in policies \u0026amp; procedures for closing accounts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp class=\"x_MsoNormal\"\u003e\u003cb\u003eWho Should Attend\u003c\/b\u003e\u003c\/p\u003e\n\u003cul type=\"disc\"\u003e\n\u003cli class=\"x_MsoListParagraphCxSpFirst\"\u003eBSA\/AML Officers\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eRisk Management\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eCompliance\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eTraining\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eDeposit Operations\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpMiddle\"\u003eManagement\u003c\/li\u003e\n\u003cli class=\"x_MsoListParagraphCxSpLast\"\u003eLegal\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e*This program does NOT qualify, nor meet the National Standard for NASBA accreditation. \u003c\/p\u003e","brand":"BankersHub","offers":[{"title":"Default Title","offer_id":46778202456239,"sku":"ODC0416262","price":299.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0646\/2894\/9167\/files\/FairBankingandClosingAccounts.png?v=1773428816","url":"https:\/\/www.bankershub.com\/products\/fair-banking-and-closing-accounts","provider":"BankersHub","version":"1.0","type":"link"}