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#2251779 - 04/02/21 08:33 PM Bank Subsidiary
terpsfan Offline
Diamond Poster
Joined: Feb 2007
Posts: 2,059
Is the beneficial ownership form necessary for a wholly owned bank subsidiary?

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BSA/AML/CIP/OFAC Forum
#2251781 - 04/02/21 09:40 PM Re: Bank Subsidiary terpsfan
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
I don't believe there is an exemption for subs of regulated institution. Is the sub an insurance company or some other type business which may meet an exemption requirement?
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