Posted By: Patsy Cline
New TIN Rule - 10/10/03 05:07 PM
I understand that effective 10-1-03 banks must obtain a taxpayer ID number from a customer prior to opening an account.
BUT.. does that mean the provision to maintain a list of the names, addresses, and account numbers of TIN deficient accounts no longer exists? Obviously we won't have any new accounts without TINs... but what if we have some existing accounts without TINs?
Also... does anyone know were I can find this requirement in BSA if it still applies for existing accounts?
BUT.. does that mean the provision to maintain a list of the names, addresses, and account numbers of TIN deficient accounts no longer exists? Obviously we won't have any new accounts without TINs... but what if we have some existing accounts without TINs?
Also... does anyone know were I can find this requirement in BSA if it still applies for existing accounts?