90-Minute Webinar | February 6, 2024 | 2:00 PM – 3:30 PM CENTRAL Time

Overview:
Why is it that most financial institutions are out of compliance with NRA reporting rules? Well, it is
because there are so many myths about how to complete the W-8BEN which sets up the problem with
interest reporting. If you think having a US TIN makes the W-8BEN complete, think again. On interest-
bearing accounts in most cases, you must have a Foreign Tax Identification Number (FTIN). Another
great myth is that if you have a SSN, the customer goes on a W-9. Again, not true. Then there is the
whole problem of Customer Identification programs (CIP) and what identification to get and not get.
It’s complicated but if we can get these old myths out of our processes, it does not have to be so hard.
This webinar will untangle the problem of NRAs and you can move on to a successful program.
Remember you don’t have to attend the webinar live; you can receive the recording the day
after the program and all its materials.

Highlights:

• Sort out nonresident aliens, resident aliens and US Persons
• What types of identification are acceptable?
• What is a FTIN? Who must have it?
• Does a SSN/ITIN have any role in the W-8 BEN process
• 1042 S reporting for consumer accounts
• Writing Procedures for NRAs
• Job checklist for NRAs
• Illegal aliens and your responsibilities
• Much much more in this program

Who should attend?
Compliance, Deposit Operations, Training, Branch Staff, Management, New Accounts, Officers

Seminar Instructor

Deborah Crawford is the President of Gettechnical Inc., a Florida-based firm, specializing in the education of banks across the nation.  Her 40+ years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor’s and master’s degrees.  Deborah’s specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance, and Individual Retirement Accounts.

Registration 

The cost to attend this 90-minute webinar is $199 for one connection*. *You may have as many listeners as you wish for your ONE connection (ONE computer login). If you would like additional logins for additional locations/computers, please contact our office or note names and email addresses in the comments sections of the registration form. A fee of $75 will be billed for each additional login. Please register the person you wish to receive the log-in and handouts links.

Registration fees include instruction, live interaction with the instructor, any updated materials and supplements used by the instructor (digital), and a link to the recordings of the class. (You will have unlimited access to the recording for 90 days.)

Cancellation and More Information

Full registration fees will be refunded if a cancellation is received on or before ten business days prior to the meeting. If the date of cancellation is less than ten days prior to the meeting, a $75 processing fee will be retained. No refunds will be given for cancellations made the day of the program. If you need additional information, please call (888) 773-4839.