This came up in a training session I did on CIP-ing foreign individuals yesterday and I was wondering how other banks are looking at this from a BSA perspective. Do you allow foreign individuals (with no SSN) to have a debit card? I can see that it could potentially pose more risk because of relationships/business interests those individuals may have with other foreign individuals/countries, but I'm not sure it's enough of a risk to close the door on allowing them to have a debit card?
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GO MAVS !!!!