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#2089865 - 07/26/16 01:30 PM BO procedure for estate accounts
Cher Offline
Member
Joined: Oct 2003
Posts: 98
Florida, USA
What are others doing regarding beneficial ownership information for estate accounts? Are you obtaining any information on the benefactors of the estate itself or just the executor?

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BSA/AML/CIP/OFAC Forum
#2089869 - 07/26/16 01:33 PM Re: BO procedure for estate accounts Cher
Elwood P. Dowd Offline
10K Club
Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
An estate does not fit within the definition of a "legal entity customer;" the regulation does not apply.
_________________________
In this world you must be oh so smart or oh so pleasant. Well, for years I was smart. I recommend pleasant.

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#2089879 - 07/26/16 01:48 PM Re: BO procedure for estate accounts Cher
Cher Offline
Member
Joined: Oct 2003
Posts: 98
Florida, USA
Thanks Ken.

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