Safe Deposit Boxes – Opening, Monitoring and Administration

May 01, 2018 02:00pm -
May 01, 2018 03:00pm
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

Consider safe deposit boxes a “sleepy” area of the bank? Think again. Between account opening procedures, ongoing administration and controls, and monitoring for suspicious activity, this area presents unique risks and challenges.

Whether you have ten safe deposit boxes or a hundred, your administrative requirements and challenges remain the same. Many regard the safe deposit box area as one of little activity – a rather unexciting area of the bank. However, cases have shown that these boxes can be used to conceal illicit funds and activities. How you address account opening and handle boxes in the event of a box owner’s death can also present unique situations that you must address. 

Important Takeaways for attendees of the Bank Webinar:

  • Effective account opening methods and key controls that should be implemented to ensure appropriate administration of this area.
  • How safe deposit boxes may be used to conceal funds or conduct illicit activities.
  • Compliant processes for handling box administration in the event of a box owner’s death.
  • Safe Deposit Box Account Opening Procedures & Customer Identification Practices
  • Key Controls for Safe Deposit Box Administration
  • Suspicious Activity Monitoring Practices
  • Addressing Safe Deposit Box Access Upon Death of Box Owner


If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.

Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on Mar 19, 2018.
Regular registration starts on Mar 20, 2018 and ends on May 04, 2018.
Late registration starts on May 05, 2018.
(GMT-05:00) Eastern Time (US & Canada)


Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00