Alert! Deposit Compliance Update 2020


Webinar | 1 1/2 Hours

Alert! Deposit Compliance Update 2020
Including the SECURE Act on IRAs

Change is in the air! Are you ready? We kick off 2020 with many changes to IRAs under the SECURE Act. We also have interest reporting rules finalized which will change your Nonresident alien interest reporting. There will be a change on beneficial ownership as we watch the Illicit Cash Act leave the house and move to the Senate. We may see the eventual migration of beneficial ownership to FinCEN where the CTRs and SARs are housed. This year brings a technical change to the Currency Transaction Report effective February 1, 2020. Plus, our favorite Regulation CC changes effective July 1, 2020. If you think 200 and 4800 is hard on large deposits, try 225 and 5300 for our tellers as the new numbers.

What you will learn:
• Comprehensive look at IRA Changes
• Regulation CC Changes
• Nonresident alien interest reporting
• Currency Transaction Reporting
• A peek at the Illicit Cash Act
What you will receive:
• Training Handbook for Regulation CC Changes
• IRA Handbook Updated for the Secure Act

Who should attend?
Deposit Operations, Deposit Compliance, IRA Personnel, Branch Staff and Managers

Deborah Crawford is the President of Gettechnical Inc., a Virginia based training company. She specializes in the deposit side of the financial institution and is an instructor on IRAs, BSA, Deposit Regulations and opening account procedures. She was formerly with Hibernia National Bank (now Capital One) and has bachelor’s and master’s degrees from Louisiana State University. She has over 30 years of combined teaching and banking experience.