Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum CIP for Businesses
Thread Options
#1799764 - 03/29/13 06:51 PM CIP for Businesses
MNmassbkr Offline
New Poster
Joined: Nov 2011
Posts: 1
What are your procedures regarding businesses who have incorporated in another state?

Return to Top
BSA/AML/CIP/OFAC Forum
#1799823 - 03/29/13 08:21 PM Re: CIP for Businesses MNmassbkr
SunnyFL, CRCM Offline
100 Club
Joined: Sep 2004
Posts: 205
FL
We would verify their registration in their home state (usually w/Secretary of State), verify that they are registered to do business in our state, ask enough questions that you know who you are doing business with and make sure it makes sense to be opening an account with you.

Return to Top
#1800178 - 04/01/13 08:09 PM Re: CIP for Businesses SunnyFL, CRCM
Lisa_Bates Offline
Power Poster
Lisa_Bates
Joined: Dec 2007
Posts: 5,762
Originally Posted By: SunnyFL, CRCM
We would verify their registration in their home state (usually w/Secretary of State), verify that they are registered to do business in our state, ask enough questions that you know who you are doing business with and make sure it makes sense to be opening an account with you.


Ditto. smile

Return to Top
#1800217 - 04/01/13 08:52 PM Re: CIP for Businesses MNmassbkr
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Welcome to BankersOnline's Bankers' Threads, MN. If you need to ask a question or post information relating only to banking in the Bay State, there is a dedicated Massachusetts forum further down in our list of forums.

In the meantime, welcome from all of us here at BankersOnline, and from me, down on Cape Cod.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top

Moderator:  Andy_Z