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#1979956 - 12/01/14 05:50 PM CIP or not to CIP
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
Currently, our CIP procedures call for obtaining IF info on people who have control over an account. So, for businesses, this can be the owner or POA info, if that is the case.. We were wondering whether or not you require CIP info on people who are given access rights to safe deposit boxes OTHER THAN the original owners. This could be the case of a Deputy, for example. No ownership but Deputy can have access to the box. Would love to hear about your procedures for CIP in such or similar cases.

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#1979962 - 12/01/14 05:54 PM Re: CIP or not to CIP Trees
ACBbank Offline
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ACBbank
Joined: Jul 2006
Posts: 4,159
New York City
We would not CIP the deputy, but would require one form of primary, photo ID.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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#1980074 - 12/01/14 09:45 PM Re: CIP or not to CIP Trees
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
Where would you store that info?

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#1980122 - 12/01/14 10:51 PM Re: CIP or not to CIP Trees
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,159
New York City
We store all "associated party" info within the Customer's records.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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