Whether you are dealing with a sole proprietorship or a corporation, financial institutions need to learn how to open and properly document a business bank account regardless if it is a corporation, or if it's a sole proprietorship. Financial institutions are responsible for executing their customer identification procedures for such accounts, including obtaining information regarding signing privileges and obtaining the appropriate documentation for these customers.
This webinar will provide an understanding of the different legal forms of businesses and the filing requirements for each form of business. Discussions will include proper handling of changing signatures on all the various business accounts plus the handling of checks with regard to these types of accounts.
Dr. Gina J. Lowdermilk, Ph.D. (ABD), CAMS, CRMS, is a qualified BSA/AML and financial regulatory compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been on working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as, memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work with small community banks to large international financial institutions. Her roles not only included BSA/AML and compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.
Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with Fiserv, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as per clients’ requests.