Yes, but to open a new account after 10/03, you would have to verify that you previously had gathered the required information under the existing customer exemption.
Sec. 1020.100 Definitions.
Refer to §1010.100 of this Chapter for general definitions not noted herein. To the extent there is a differing definition in §1010.100 of this Chapter, the definition in this Section is what applies to Part 1020. Unless otherwise indicated, for purposes of this Part:
(a) Account. For purposes of §1020.220:
(1) Account means a formal banking relationship established to provide or engage in services, dealings, or other financial transactions including a deposit account, a transaction or asset account, a credit account, or other extension of credit. Account also includes a relationship established to provide a safety deposit box or other safekeeping services, or cash management, custodian, and trust services.
Last edited by rlcarey; 05/10/17 01:00 PM.
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