Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums BSA/AML/CIP/OFAC Forum BSA and our insurance company
Thread Options
#844614 - 10/29/07 07:52 PM BSA and our insurance company
ComplyOhMy Offline
Platinum Poster
Joined: Dec 2005
Posts: 514
Lexington, Kentucky
We have an insurance company that is a wholly owned subsidiary of our bank. I am having to do BSA training for the employees of the insurance company. Is the insurance company required to comply with CIP?

Return to Top
BSA/AML/CIP/OFAC Forum
#910519 - 02/26/08 05:42 PM Re: BSA and our insurance company ComplyOhMy
MT Pockets Offline
100 Club
Joined: Oct 2004
Posts: 238
Up North
Did you ever find an answer to your question? I have the same one.
_________________________
If you keep doing what you've always done, you'll get what you always got.

Return to Top
#910590 - 02/26/08 06:39 PM Re: BSA and our insurance company MT Pockets
Retread Offline
Power Poster
Retread
Joined: Oct 2003
Posts: 2,548
Southeast
_________________________
Politicians are like diapers. They need to be changed often and for the same reason.

Return to Top
#910998 - 02/27/08 01:12 PM Re: BSA and our insurance company Retread
Bagweaver Offline
Diamond Poster
Joined: Nov 2005
Posts: 2,409
SW GA
The companies that our agency writes through make sure that our agency is in compliance, but I'm wondering if the bank's annual BSA audit should also include some sort of review of the agency, and, if so, what should be reviewed?
_________________________
Semiretired. Working parttime at Historic Westville as a tour guide.

Return to Top

Moderator:  Andy_Z