Can we bank hemp growers? Is it marijuana?
When do we check aggregated or multiple transactions?
What is a note to FinCEN?
How many SARs should I file a year on continuing activity?
Do you have to put an account number affected when cashing a CTR?
Would a CTR be required if several individual employees endorsed their respective payroll checks (all individual payroll checks are under $10,000 but combined they aggregate to an amount that exceeds $10,000), and made the checks payable to one employee who, in turn, cashed them at a financial institution for the purpose of distributing the proceeds back to the individual employees?
We use a vendor's product for CIP purposes at the bank. When running a sole proprietor account, is there a reason we should be doing the full search or is OFAC alone sufficient? The same would go for unregistered organizations.
Can we open a personal account and label it “Farm Account” and let the customer operate a business out of it?
Our signature is asking for an exempt code in the W-9 portion of the contract. What is it and where are the codes?
If the business is sold can the new company keep the account and TIN?