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#1914490 - 04/15/14 02:57 PM EB-5 Investor Visa Program
Calmeida12 Offline
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Joined: Sep 2012
Posts: 249
Does anyone have any customers that fall under the EB-5 Investor Visa Program? As far as BSA, how much due diligence do you perform on these?

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#1920272 - 05/06/14 07:05 AM Re: EB-5 Investor Visa Program Calmeida12
Alifree Offline
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Alifree
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I would love to know more about this as well. any one has come across this type of customer?

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#1920285 - 05/06/14 12:55 PM Re: EB-5 Investor Visa Program Calmeida12
Elwood P. Dowd Offline
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Here's a Directory of Visa Categories and a very specific description of the EB 5 and the process the applicant must go through to obtain one.

Noting that your bank is not required to see a Visa, I'm not certain that any specific type of Visa, particularly this one, would mandate an incremental amount or different type of due diligence.
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#1963135 - 09/19/14 02:06 PM Re: EB-5 Investor Visa Program Calmeida12
dchu11 Offline
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Joined: Sep 2014
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Has anyone seen EB-5 project accounts where a senior-level employee of the bank where the account is held is also named in the account? Could the employee be a trustee/administrator of such accounts? Would this be reasonable?

Our bank is an intermediary bank dealing with correspondent wires.

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