What policies and procedures should you and your credit union have in place to minimize compliance and fraud risk when you open new member accounts online?
Your Bank Secrecy Act compliance risk escalates when a new member comes to your credit union through the Internet instead of in person. There are also regulations like Truth-in-Savings and Privacy that require disclosures at account opening that need to be considered. Let compliance expert Jamin Carlisle give you the guidelines that should be included in your policies and procedures to control your risk without sacrificing new member convenience.
Credit union professionals who open or manage accounts online, especially in these departments:
- Call Center
- Member Service
- Risk Management
- Information Technology
Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.