Member Login

])

800.515.8617

Banking Non-Resident and Resident Aliens: Documentation and Ongoing Monitoring Best Practices – 05/21/2020

$249.00

Because residents and nonresident aliens are taxed differently, it’s important to understand the difference and how to identify/distinguish at account opening. A potential customer is considered a nonresident alien for any period they’re neither a U.S. citizen nor a resident alien for tax purposes. A potential customer is considered a resident alien for a calendar year if they meet the green card test or the substantial presence test for the year. This webinar will discuss the difference between resident and nonresident aliens and help attendees with identifying these types of relationships at account opening, understand and clarify the FFIEC Guidance on BSA for these types of relationships, and distinguish between low, moderate and high risk non-resident and resident relationships at account opening and throughout the duration of the relationship.

Name Range Discount
Save 20% when you buy 3 or more webinars 3 - 999 20 %
SKU: Banking Non-Resident &Resident Aliens - 05/21/2020 Category: Tags: , ,

Description

Because residents and nonresident aliens are taxed differently, it’s important to understand the difference and how to identify/distinguish at account opening. A potential customer is considered a nonresident alien for any period they’re neither a U.S. citizen nor a resident alien for tax purposes. A potential customer is considered a resident alien for a calendar year if they meet the green card test or the substantial presence test for the year. This webinar will discuss the difference between resident and nonresident aliens and help attendees with identifying these types of relationships at account opening, understand and clarify the FFIEC Guidance on BSA for these types of relationships, and distinguish between low, moderate and high risk non-resident and resident relationships at account opening and throughout the duration of the relationship.

Topics include:

  • Overview of Non-Resident vs. Resident Alien
  • Documentation requirements
  • Best business practices for risk rating non-resident vs. resident aliens

 

Who Should Attend?

  • BSA Officer and support teams
  • Client-Facing Teams
  • Deposit Operations
  • Internal Auditors
  • Risk Managers
  • Compliance Managers
  • Senior Management