Thread Options
#1807992 - 04/25/13 03:44 PM Citizen of Cuba
crazed Offline
Member
Joined: Dec 2005
Posts: 61
A report has showed up indicating that we have several customers right now that are citizens of Cuba. I know this is a sanction country. Would an indiviudal who is only a citizen of Cuba be allowed to have a bank account in the US?

I fear what we have stumbled across!!!!.

Return to Top
BSA/AML/CIP/OFAC Forum
#1808026 - 04/25/13 04:18 PM Re: Citizen of Cuba crazed
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,730
You are here
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1808806 - 04/26/13 09:20 PM Re: Citizen of Cuba crazed
Little Miss BSA Offline
Diamond Poster
Little Miss BSA
Joined: May 2007
Posts: 1,185
Miami
I believe the only way would be if they are licensed by OFAC. Are you sure that they are actually Cuban nationals or are they just of Cuban origin but are either citizens or perm residents? I find it odd that you would have such a large population of actual Cuban nationals...but I guess anything is possible especially if they found a bank that was willing and able to open their accounts LOL
_________________________
"Never allow someone to be your priority while allowing yourself to be their option!"

Return to Top
#1808907 - 04/29/13 02:49 PM Re: Citizen of Cuba crazed
NotDoneYet Offline
Gold Star
NotDoneYet
Joined: Jul 2010
Posts: 482
PA
We have an Iranian citizen as a customer. There were no problems with her having an account here. She is considered a "US person" because she lives her permanently.

Return to Top
#1808908 - 04/29/13 03:01 PM Re: Citizen of Cuba crazed
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,730
You are here
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top

Moderator:  Andy_Z