Thread Starter: Anonymous
Title: Re: OFAC for Authorized Signers
|
Thank you for posting that information. I did read that but it doesn't spefically deal with my situation. Banks typically ask for ss# and driver's license as part of their CIP under the Patriot Act even though the information is not required by the reg as we are a publicly traded company. Their internal CIP asks for information that isn't required under the reg which causes us a bit of a problem. The particular bank we're working with has satisfied itself for the Patriot Act requirements but is still insisting that a driver's license is required for authorized signers so they can run an OFAC check. If that is required under the reg I want to go back to our board and tell them it's required and there's nothing we can do about it. However, I can't substantiate that the drivers license is required for the authorized signers.
|
|
|
|
