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#411645 - 08/22/05 06:33 PM Loans without TINs
Anonymous
Unregistered

We're having a problem. We have the SSNs on all the members and managers of the various entities, but not the entities themselves. We have copies of the Articles of Organization but not their TIN. How big of a problem is this?

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BSA/AML/CIP/OFAC Forum
#411646 - 08/22/05 06:43 PM Re: Loans without TINs
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
If you are talking about CIP, it's the company that is the customer, not the signatories. Not obtaining an EIN for a U.S. corporation in connection with a new account would be cited as a violation of law regardless of whether it involves a loan or a deposit.
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