We do not have an insurance premium finance department within our bank, but I am running into the same KYC (EDD) issues with our affiliated insurance agency. However, if they didn't collect ID before, they are about to start! (like it or not!) I have been asking around about KYC training for insurance companies and agencies, and trying to find out what indicators of suspicious activity an insurance company might encounter. I have spoken to the ABIA, and have a person calling me back from another company in a few weeks. (I am leaving on vaction tomorrow). All I know right now is that it is very hard to convince our insurance agency that all this "BSA stuff" applies to them. I'll post here if I find anything more on this topic.
Leslie
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Being kind is more important than being important.