314a Guidance | For Bankers. From Bankers

Skip to content

BOL Conferences

BankersOnline.com Forums Banker Forums General Discussion 314a Guidance

Thread Options

Tools

#65783 - 03/06/03 05:37 PM 314a Guidance
Anonymous Unregistered	Have "Questions & Answer" guidelines been put out for complying with Section 314(a). I thought I read somewhere that the regulators had issued Q&A's for this, but I can't find.
Return to Top

General Discussion

#65784 - 03/06/03 05:50 PM Re: 314a Guidance
Dave M_TCA Platinum Poster Joined: Oct 2000 Posts: 686 Wherever my most benevolent em...	Check out this thread . _________________________ David J Mulkerin, CRCM All opinions expressed are mine and not those of my employer and are not to be taken as legal advice.
Return to Top

#65785 - 03/06/03 06:10 PM Re: 314a Guidance
yy2say Gold Star Joined: Apr 2002 Posts: 279 PA	Quote: Have "Questions & Answer" guidelines been put out for complying with Section 314(a). I thought I read somewhere that the regulators had issued Q&A's for this, but I can't find. I tried looking on the internet also and couldn't find them. I think they removed them from the site. I do have a copy that came with the intial request. If you would like for me to send it to you, please email me at katoscano@flag.net _________________________ "Go, Dog. Go!" ~ P.D. Eastman
Return to Top

#65786 - 03/06/03 06:22 PM Re: 314a Guidance
Anonymous Unregistered	This is one place where being Anonymous leads to suspicion. If you are with a financial institution, check within the institution. You should have received the instructions directly from your primary federal regulator. There is a reason the Q&A was taken offline by the government. These documents should be accessible on a need-to-know basis only.
Return to Top

#65787 - 03/06/03 06:40 PM Re: 314a Guidance
yy2say Gold Star Joined: Apr 2002 Posts: 279 PA	Quote: This is one place where being Anonymous leads to suspicion. If you are with a financial institution, check within the institution. You should have received the instructions directly from your primary federal regulator. There is a reason the Q&A was taken offline by the government. These documents should be accessible on a need-to-know basis only. I am new to this type of venue and didn't think out my response. The original Q&A went to the person in your institution that was the contact for the Control List. You may want to check with that individual. Sorry for the inconvenience. _________________________ "Go, Dog. Go!" ~ P.D. Eastman
Return to Top

#65788 - 03/06/03 08:53 PM Re: 314a Guidance
Anonymous Unregistered	Does anyone have further insights about putting 314a-FinCEN names into OFAC software? It's been suggested by my software company to create a customized file, manually inputing all the 314a-FinCEN names and thus making it (slightly)easier to verify the names against our entire customer base.
Return to Top

#65789 - 03/06/03 09:09 PM Re: 314a Guidance
Andy_Z 10K Club Joined: Oct 2000 Posts: 27,752 On the Net	Remember that 314(a) requests are not ongoing. Check once and move on. So you would add the names and delete them after the check. You would also handle hits differently. But if that process works for you and is more economical, go for it. _________________________ AndyZ CRCM My opinions are not necessarily my employers. R+R-R=R+R Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell
Return to Top

#65790 - 03/06/03 11:07 PM Re: 314a Guidance
Ted Dreyer Diamond Poster Joined: Apr 2001 Posts: 2,245	The GuardDog software that was formerly for Control List checking will now accomodate 314(a) requests.
Return to Top

#65791 - 03/06/03 11:49 PM Re: 314a Guidance
cbinder63 Platinum Poster Joined: Dec 2001 Posts: 674 Colorado	Quote: The GuardDog software that was formerly for Control List checking will now accomodate 314(a) requests. I understand the newest requests were available today from Attus. _________________________ Opinions expressed are my own.
Return to Top

#65792 - 03/07/03 03:20 PM Re: 314a Guidance
LinMarie 100 Club Joined: Nov 2001 Posts: 243	I'm using GuardDog. It's worked okay so far. However, there is still manual research to be done.
Return to Top

Previous Thread

Previous Thread

View All Threads

Next Thread

Hop To

Moderator: Andy_Z, Lucy Griffin, Mary Beth Guard