Is there a better way to track the collection of customer tax returns?
Can a financial institution run Chexsystems on a business? Or do we run Chexsystems on all beneficial owners and signers upon written consent?
With the new CDD Regulations, will we need to verify signers and CIP on participant loans? Also - Is there a specific way to verify the information for CDD with the shareholders of a company?
From your review of the new beneficial ownership rule, in your opinion, will both prongs of this rule apply to our customer's customer?
In regard to the new CDD rule coming. On the certification of beneficial owners we need to get the name, DOB, address and SS#. Do we also need to get a copy of a drivers license for each beneficial owner?
Is there a better way to ensure we are opening accounts that will not be a future liability?
I’m satisfied with our current system. Why should I switch the way we verify customers?
If an existing customer has a legal name change, is it necessary to re-work contracts (signature cards / loans) for any purpose (FDIC requirements, Tax ID reporting, etc.)?
When training bank employees, what is the minimum training allowed? We are getting a new core this year and it is going to monopolize a lot of time training for it. We want to stay within the legal guidelines and maintain a curriculum, but need to streamline it for core training purposes.
Is there a specific reg that discusses not sharing customer information, more specifically, having a vendor contact our customers soliciting their products/services?