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Description: In this Back to Basics webinar, we will be discussing Health Savings Accounts (“HSAs”) and Individual Retirement Accounts (“IRAs”). We will look at how banks should handle these types of accounts. This webinar will focus on the compliance requirements these niche but lucrative products, as well as the interesting interplay between how bank rules and regulations work alongside tax designations.
Key Takeaways:
Best practices relating to HSAs and IRAs
Bank responsibilities regarding these accounts
The significance of the HSA and IRA designations for regulatory and tax purposes
People Who Should Attend: Branch Managers and Branch Staff, Operations Staff, Compliance Officers, and Compliance Staff
Presenter:
Jacob Udanis
Compliance Advisor
Jacob Udanis serves as Compliance Advisor for Compliance Hub. He graduated from Duquesne University (Kline) School of Law with a Juris Doctorate and received a Bachelor of Science in Biology from Allegheny College. Prior to joining Compliance Alliance, Jacob was a consumer compliance officer at a large financial institution supporting a variety of different business lines.
Jacob started in banking doing client onboarding and proceeded to work in the Anti-Money Laundering space. He also has experience working with banking operations and consumer compliance, working with a variety of different business lines to ensure compliance with all consumer laws. He also liaised with a variety of regulatory institutions. Jacob is also one of C/A’s featured authors.