Speaker: Mr. Justin Muscolino
Speaker Designation: Compliance Training Expert
Banking has come a long way from just opening business accounts in person. Banking today offers a plethora of business account types with diverse methods of conducting transactions. As a result, determining the authorized person to open, close, and transact business with different business entities can be daunting.
Running a successful business isn't easy, especially in the world of banking where there are countless different types of business accounts. It can be a real challenge to figure out who has the power to open, close, and transact business on behalf of any given organization.
Are you running your own business as a sole proprietor or steering a corporation toward success? Financial institutions should know how to open and document business bank accounts for both sole proprietorships and corporations. They must adhere to customer identification procedures, gather relevant information on signing privileges, and acquire necessary documentation for these clients.
By understanding the nuances of all the different types of business accounts and the rules that come with them, you'll not only avoid costly mistakes, but you'll be able to confidently navigate the world of business banking. From properly documenting accounts to ensuring that the right person has signing privileges, this webinar is a must-see for anyone who wants to run a successful business.
This webinar will provide an understanding of the different forms of business 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.
Justin brings over 20 years of wide-arranging experience in compliance, training and regulations. Most recently, he served as Head of Compliance Training at Bank of China where he led the compliance training function and created and monitored the annual training plan through a thorough training needs analysis. Previously he served as Macquarie Group’s Head of Americas Compliance Training and JPMorgan Chase’s Compliance Training Manager.
Justin also worked for FINRA, a US regulator, where he created Examiner University to train examiners on how to perform their function. Some of his vast areas of expertise are : Compliance training programs, managing regulatory projects, lasing with regulators, and identifying gaps/opportunities for improvements in risk mitigation.
