If we do not have any relationship with a foreign financial institution, is it necessary to respond to their AML questionaire especially if they are asking for bank information such as:

- Bank License Number
- List of Board of Directors and copies of their IDs
- Board of Directors Resolution.

It looks like a mass swift message to all financial institutions. I am uncomfortable in releasing this information especially to institutions we have not done any business with. What are your thoughts on this?

Thank You

I would be very uncomfortable also. Check with your legal counsel.

I would not give copies of board member ID's to my primary correspondent bank. All this bank would get from me is a phone call...

Thanks Guys:

I feel the same way and I confirmed that we do no business with them from management and told them that I won't even respond to them.