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#747065 - 06/05/07 07:52 PM CIP on foreign companies
Compliance Mom Offline
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Joined: Apr 2003
Posts: 45
Tennessee
I need some examples of reliable CIP that can be requested from a foreign company. At this point we only have a few foreign individual and no business accounts. Thanks!

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#747243 - 06/05/07 09:28 PM Re: CIP on foreign companies Compliance Mom
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
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Your CIP requirements would be the same for a foreign corporation as they would for a U.S. corporation.

Your problem is obtaining, understanding, and perhaps even reading the documents that would be used to verify the company's existence in a foreign company. If a company organized outside of your state, including outside the United States, is doing business in your state it will be required by your state laws to apply for a certificate of authority to do business in Tennessee.

To an extent, you are relying on the Tennessee Secretary of State's office to act as the gatekeeper and verify the company's existence. The remaining portion of the verification process would depend on your efforts alone and my understanding is that the registration requirements and appropriate documentation vary greatly from one country to the next; i.e. I lack the expertise to generalize about what you might do.

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#747460 - 06/06/07 01:30 PM Re: CIP on foreign companies Elwood P. Dowd
Retread Offline
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Retread
Joined: Oct 2003
Posts: 2,548
Southeast
These will not help you with CIP requirements, but we have been able to use these sites to at least partially verify the existence of some foreign companies for our investigations of customer account activity.

http://strategis.ic.gc.ca/cgi-bin/sc_mrksv/corpdir/dataOnline/search.cgi?lang=e

http://strategis.ic.gc.ca/cgi-bin/sc_mrksv/corpdir/dataOnline/search.cgi?lang=e

http://www.mercantil.com/rc/
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