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#2095274 - 08/25/16 04:07 PM EDD Checklist for Foreign Entities
downbytheriver Offline
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Joined: Jan 2008
Posts: 51
Georgia
We are a $2.3 billion bank and currently have only a couple of relationships involving foreign entities. Executive management continues to pursue other large relationships with foreign ties; i.e., parent company is non US with physical locations in our state and registered to do business in our state. I'm looking for a generic EDD checklist to be used for these types of situations to aid the executives in the types of questions they should be having with their perspective clients around BSA compliance risks. If anyone has one they are willing to share I would appreciate it......I hate reinventing the wheel when it's not necessary.

For the record I'm not saying that I agree with their decision.....I just work here.

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#2095281 - 08/25/16 04:28 PM Re: EDD Checklist for Foreign Entities downbytheriver
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
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Quote:
For the record I'm not saying that I agree with their decision.....I just work here.


Smart thing to say; you just eliminated 3/4 of your likely responses. grin

See if you have an upstream correspondent who can help you out. Otherwise you are running the Laurentian Abyss without a chart.
_________________________
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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#2095329 - 08/25/16 06:38 PM Re: EDD Checklist for Foreign Entities downbytheriver
downbytheriver Offline
Member
Joined: Jan 2008
Posts: 51
Georgia
Thanks Ken!

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