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#1896293 - 02/12/14 03:04 PM OCC Unauthorized Banking List
BSAAnonymous Offline
100 Club
Joined: Feb 2012
Posts: 165
Do any other financial institution scrub against the OCC Unauthorized Banking List? I know it is "recommended" but not "required" and curious to know how many do.

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#1896300 - 02/12/14 03:13 PM Re: OCC Unauthorized Banking List BSAAnonymous
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
We use World Check which includes a number of lists. To be honest, I don't see much value in using the individual list. If a bank wanted to open an account with your FI, your normal DD process should be able to flag this particular concern prior to opening the account.
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"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

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