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#1786442 - 02/14/13 10:38 PM Online Account Opening Advice/Recommendations
GottaLuvIt Offline
Junior Member
Joined: May 2009
Posts: 48
Our institution wants to begin online account opening for both new and existing bank customers.

Anyone have any words of wisdom, recommedations, or references they'd like to share??

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BSA/AML/CIP/OFAC Forum
#1786477 - 02/15/13 02:49 AM Re: Online Account Opening Advice/Recommendations GottaLuvIt
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,294
Galveston, TX
Besides don't do it? smile

Limit your geographic footprint and if you don't have rock solid non-documentary processes, have them come to a branch to seal the deal.

Oh, and make sure to update your risk assessment and CIP for any changes for board approval.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1786533 - 02/15/13 01:59 PM Re: Online Account Opening Advice/Recommendations rlcarey
GottaLuvIt Offline
Junior Member
Joined: May 2009
Posts: 48
Thank you, that helps.

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